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Courier Corp renegotiates agreement with Brazil Textbook Printer


Friday, 8 Aug 2014 08:30am EDT 

Courier Corp:Says it has renegotiated its agreement with Digital Page Grafica e Editora, a digital textbook printer based in Sao Paulo, Brazil.Under the revised terms, Courier will hold a 60 pct interest in Digital Page in place of the original 40 pct for same $9 mln investment amount as previously agreed, following the closing of the restructured transaction.Says closing is expected to take place by the end of the calendar year.Says Last October, Courier entered into an Investment Agreement to acquire a 40 pct equity interest in Digital Page for about $9 mln.Subsequently, Courier funded bridge loans to Digital Page totaling $4.5 mln, secured by pledge of 40 pct of Digital Page's equity interest. 

Company Quote

14.1
0.24 +1.73%
1:19pm EST