The U.S. Bankruptcy Court for the Southern District of New York, White Plains has given final approval of Cenveo’s $290M DIP financing.
Cenveo’s Chapter 11 saga includes serious allegations from a lender, resulting in a court ruling, and now two more plant closure.
Peter Schaefer, a principal at New Direction Partners, analyzes recent Chapter 11 filing and its impact on Cenveo and its creditors.
In this edition of "The Week That Was With Julie G," brought to you by Printing Impressions, the proposed $6.1 billion dollar acquisition of Xerox by Fujifilm Holdings that was first announced Jan. 31 has hit a snag; Cenveo announced two key appointments; several mergers and acquisitions were announced; Kodak has announced its support of the PRINT United Expo; and much more.
Cenveo Inc. has appointed Mark S. Hiltwein as CFO, effective March 2018, and Ayman Zameli as the company’s chief restructuring officer.
Stamford, Conn.-based Cenveo reached an agreement with holders of a majority of its first-lien debt to support its reorganization plan.
Cenveo has renewed its commitment to provide print, fulfillment services for the 2018 Society for Scholarly Publishing Annual Meeting.
The 2017 Printing Impressions 400 reveals the current state of the printing industry and print markets ripe for further consolidation.