Cenveo Reaches Agreement with Key Stakeholders in Support of its Plan of Reorganization

Company Has Necessary Support to Confirm Plan of Reorganization

Upon emergence from Chapter 11, Cenveo will be a company with a significantly stronger balance sheet with world class operating capabilities to continue delivering quality products to its customers.

Cenveo has made significant progress on emerging from Chapter 11 restructuring. We now have more than 70% of the first lien holder support for our restructuring plan (we are only required to have the support of 66.67% first lien holders for approval).

As a result, we will be able to reduce our debt by an additional $100 million on emergence. Cenveo has also reached agreements with PGBC, UCC, and other stakeholders. With the lender support and agreements with other stakeholders finalized, Cenveo's emergence from Chapter 11 is near total resolution and only the standard procedural items remain to be completed over the next 45 to 60 days.

Click here to read the official press release

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Marianne Calilhanna

Marianne is director of marketing for Cenveo Publisher Services. She started her career in editorial and production, working on STM primary and review journals. During her 28+ year career she's worked as a book editor, SGML (remember that?!) editor, and managing editor in addition to marketing-related positions. Technology, production, and people---these are just a few of her favorite things.