Key Developments: Cenveo Inc (CVO.N)

CVO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cenveo Inc reaffirms FY 2014 guidance
Wednesday, 6 Aug 2014 04:06pm EDT 

Cenveo Inc:Says that it remain on track to deliver FY 2014 guidance.  Full Article

Cenveo Inc closes new secured notes offering
Thursday, 26 Jun 2014 04:15pm EDT 

Cenveo Inc:Says that its wholly-owned subsidiary, Cenveo Corporation, successfully closed its recently announced offering of $790 mln aggregate principal amount of secured notes.Notes are comprised of $540 mln Senior Priority Secured Notes due 2019 with an interest rate of 6.000 pct per annum and $250 mln Junior Priority Secured Notes due 2022 with an interest rate of 8.500 pct per annum.Notes were issued at par.Net proceeds from the Notes, together with cash on hand, were used to repay in full all outstanding indebtedness and accrued interest under Cenveo's existing Term Loan Facility due 2018 and its 8.875 pct second lien notes due 2018, and to pay certain related costs and expenses.  Full Article

Cenveo Inc announces commencement of secured notes offering
Tuesday, 17 Jun 2014 07:45am EDT 

Cenveo Inc:Says its wholly-owned subsidiary, Cenveo Corporation, has commenced an offering of up to $790 mln aggregate principal amount of secured notes.Notes will be comprised of $540 mln in senior priority secured notes due 2019 and $250 mln junior priority secured notes due 2022.Net proceeds from the notes will be used to refinance cenveo's existing term loan facility due 2018 and its 8 7/8 pct second lien notes due 2018, and to pay certain related costs and expenses.  Full Article

Cenveo Inc reaffirms FY 2014 guidance - Conference Call
Thursday, 8 May 2014 10:00am EDT 

Cenveo Inc:Says on sales side, it still see the $2 billion number for FY 2014.Says it look at EBITDA, it is still at $190 million for FY 2014.FY 2014 revenue of $2 billion - Thomson Reuters I/B/E/S.  Full Article

Cenveo Inc gives FY 2014 revenue guidance in line with analysts' estimates - Conference Call
Thursday, 27 Feb 2014 04:00pm EST 

Cenveo Inc:Expects FY14 revenues to be $2 bln.FY 2014 revenues of $2 bln - Thomson Reuters I/B/E/S.  Full Article

Cenveo Inc Completes Sale of Custom Envelope Group to Ennis, Inc
Monday, 30 Sep 2013 12:16pm EDT 

Cenveo Inc announced that it has completed the previously announced sale of its Custom Envelope Group to Ennis, Inc. manufacturer of printed business products & apparel headquartered in Midlothian, Texas.  Full Article

Cenveo Inc Agreement To Sell Custom Envelope Division To Ennis Inc
Tuesday, 17 Sep 2013 08:30am EDT 

Cenveo, Inc announced that it has executed a letter of intent to sell its Custom Envelope Division (CED) to Ennis, Inc, a manufacturer of printed business products & apparel, headquartered in Midlothian, Texas, for approximately $47.25 million in cash and the assumption of certain trade liabilities. The closing, which is expected to be on or before September 27, 2013, is subject to the completion of normal due diligence procedures and the consummation of a definitive purchase agreement between the two parties.  Full Article

Cenveo Inc Completes Acquisition of National Envelope
Monday, 16 Sep 2013 04:26pm EDT 

Cenveo Inc announced the completion of its previously announced acquisition of National Envelope. The purchase formally closed today after receiving court approval to proceed with the closing on September 11, 2013. Cenveo has acquired substantially all of the operating assets of National Envelope. National Envelope will immediately take on the Cenveo name.  Full Article

Court Approves Cenveo Inc's Acquisition Of National Envelope
Wednesday, 11 Sep 2013 10:01pm EDT 

Cenveo Inc announced that the US Bankruptcy Court for the District of Delaware approved the sale of National Envelope's assets this afternoon. In conjunction with Hilco Receivables (acquiring substantially all the accounts receivable) and Southern Paper (purchasing the inventory), Cenveo will acquire substantially all of the assets of National Envelope. The parties expect the sale to formally close on September 16, 2013.  Full Article

Cenveo Inc Enters into Definitive Agreement to Purchase National Envelope
Wednesday, 21 Aug 2013 04:51pm EDT 

Cenveo Inc announced that it has entered into a definitive agreement to acquire substantially all of the operating assets of National Envelope (National or the Company). In conjunction with Cenveo's agreement, Hilco Receivables has agreed to acquire substantially all the accounts receivable and Southern Paper has agreed to purchase the inventory of the Company. Cenveo's purchase price is expected to consist of approximately $20 million of cash and $5 million of Cenveo common stock. The closing is subject to Bankruptcy Court approval and customary closing conditions. National Envelope filed Chapter 11 on June 10, 2013 in order to facilitate a sale. Pursuant to the definitive agreements with Cenveo and its partners, the Company will request the US Bankruptcy Court for the District of Delaware to authorize the Company to proceed with the sale on September 13, 2013. Macquarie Capital acted as Cenveo's exclusive financial advisor in connection with the transaction. Hughes Hubbard & Reed LLP acted as Cenveo's legal advisor on the transaction. National and Cenveo assure its customers that a smooth integration is expected and that orders will continue to be produced and shipped in the normal course of business.  Full Article

Russia's Mail.ru says third-quarter revenue rises 13 percent

MOSCOW - Russian internet group Mail.ru said on Thursday its revenue grew 12.9 percent in the third quarter year-on-year, slowing down because of continued negative impact on advertising revenues from an economic downturn.

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