UPFRONT

Cadmus Refinances Its Debt

RICHMOND, VA—Cadmus Communications announced the successful completion of the refinancing of its bank credit facility, which was to mature on March 31, 2004. The senior secured bank credit facility provides for a $100 million revolving credit facility that will mature in January of 2008. The facility bolsters Cadmus' ability to execute growth strategies by revising certain leverage covenants and permitting greater flexibility for the company to make acquisitions and repay or refinance subordinated debt.