Vertis Communications, ACG Complete Merger Deal

BALTIMORE—Vertis Communications has successfully consummated its prepackaged Chapter 11 plan and its merger with American Color Graphics (ACG). The new company will be headquartered here under the Vertis Communications brand. As a whole, the network boasts 100 worldwide locations and roughly 8,000 employees.

Vertis filed prepackaged Chapter 11 cases last July with a reorganization plan supported by more than 98 percent of its voting noteholders. Upon emerging from bankruptcy, the new Vertis will have a $250 million senior secured revolving credit exit facility from GE Commercial Finance and an approximately $400 million term loan funded by several lenders.