Vertis Amends Terms of Note Exchange Offer, Floats Chapter 11 Reorganization Plan

Lastly, Vertis has developed an alternate path to ensure the refinancing is completed on a timely basis. Concurrent with the Exchange Offers, Vertis is soliciting acceptances of a pre-packaged Chapter 11 reorganization plan. If Vertis does not obtain acceptable participation in the Exchange Offers from its Senior PIK Note holders and Second Lien Note holders, but does obtain the necessary acceptances for the Plan of Reorganization—a lower voting threshold—Vertis intends to begin Chapter 11 proceedings to complete the refinancing.