Vertis Amends Terms of Note Exchange Offer, Floats Chapter 11 Reorganization Plan
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BALTIMORE—Nov. 2, 2010—Vertis Holdings, Inc. announced that it has amended the terms of its previously announced exchange offers and taken additional steps to complete the comprehensive refinancing of substantially all of its outstanding secured and unsecured debt. If this refinancing is successfully completed, Vertis will reduce its total debt by more than $700 million, or approximately 60 percent, allowing it to compete more effectively in the industry.
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