Mail-Well Extends Senior Credit Facility to 2008
2004年4月1日 - 9:11AM
PRニュース・ワイアー (英語)
Mail-Well Extends Senior Credit Facility to 2008 ENGLEWOOD, Colo.,
March 31 /PRNewswire-FirstCall/ -- Mail-Well, Inc. announced today
that it has entered into a Second Amended and Restated Credit
Agreement with a group of lenders, which extends the term of its
$300 million senior secured revolving credit facility to June of
2008, and provides additional flexibility to the company. The new
agreement, which went into effect March 25, 2004, modified, relaxed
or eliminated a number of financial covenants and requirements,
reflecting the continued improvement in the company's credit
profile. Bank of America, N.A. continues as administrative agent
for the facility. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990429/MAILWELLLOGO ) "We
appreciate the excellent relationship we have had with the lenders
to this facility and feel that the facility's renewal will provide
a platform for financial flexibility and continued growth and will
support our strategic plans to strengthen our place in the visual
communications industry," said Michel Salbaing, Mail-Well's Senior
Vice President and Chief Financial Officer. The facility, which
originally went into effect in June 2002, utilizes a borrowing base
consisting of accounts receivable, inventory and equipment to
determine availability at any given time. Mail-Well (NYSE:MWL),
http://www.mail-well.com/, is one of North America's leading
providers of visual communications with one-stop services from
design through fulfillment. The company's broad portfolio of
services and products include e-services, envelopes, offset and
digital printing, as well as printed office products. The company
is uniquely positioned by serving both direct customers through
their commercial segment and wholesalers and value-added resellers
through its resale segment. Mail-Well currently has approximately
10,000 employees and more than 80 printing and envelope locations
plus five advanced fulfillment and distribution centers throughout
North America. In early 2004, Mail-Well was voted second place in
the printing and publishing category as Fortune Magazine's Most
Admired Companies and ranked number five of the Russell 3000
companies on Corporate Governance Quotients by Institutional
Shareholder Services. The company is headquartered in Englewood,
Colorado. CONTACT: Mr. Michel P. Salbaing Senior Vice President and
Chief Financial Officer Mail-Well, Inc. (303) 790-8023 NOTE: News
Releases and otherinformation on Mail-Well can be accessed at
http://www.mail-well.com/
http://www.newscom.com/cgi-bin/prnh/19990429/MAILWELLLOGO
http://photoarchive.ap.org/ DATASOURCE: Mail-Well, Inc. CONTACT:
Mr. Michel P. Salbaing, Senior Vice President and Chief Financial
Officer of Mail-Well, Inc., +1-303-790-8023 Web site:
http://www.mail-well.com/
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Mer Msci Eafe Arns (NYSE:MWL)
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