Cenveo Posts Mixed, but Mostly Flat or Lower Financial Results
Adjusted EBITDA for the third quarter of 2012 was $57.0 million, compared to $58.2 million in 2011. Adjusted EBITDA for the first nine months of 2012 was $157.1 million, compared to $159.1 million for the same period of 2011.
Financing and 2013 Maturity update:
Cenveo has been evaluating several alternatives to retire its outstanding notes with a December 2013 maturity. In particular, it is in discussions with prospective lenders regarding arrangements that would provide the company with an unsecured loan in order to achieve full retirement of these notes by the end of 2012. While there can be no assurance that Cenveo will be able to reach an agreement with such lenders on acceptable terms, management is optimistic that it will be able to announce a solution shortly.
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