Cenveo Debt Buyback May Augur a Sale
Cenveo Inc. has started buying back its 7.875-percent notes before they mature in 2013 as part of its mission to deleverage the printing and packaging company, which may be headed toward a sale. During Cenveo’s Aug. 9 second-quarter earnings call, the company’s chairman and CEO, Robert G. Burton Sr., addressed the potential sale of the company. “We’ll decide if we’re going to sell the company, and by the way, we’ve had people knocking on the door for the last several years,” he told listeners.
Documents filed with the Securities and Exchange Commission show that the company has gradually retired its 7.875-percent