manroland Secures Form of DIP Financing

OFFENBACH, GERMANY—Insolvent press manufacturer manroland AG has secured an agreement for “Massekredit” (similar to debtor-in-possession financing) through Werner Schneider, the provisional insolvency administrator.

“Continuation of production and business operations at manroland is therefore secured,” said Schneider, a financial auditor. “The company can continue to do business with customers and suppliers and we are sending a very positive signal to the market.