Vertis on Track to Complete Its Recapitalization by Year End

Separately, the U.S. Bankruptcy Court for the Southern District of New York approved key elements of Vertis’ previously announced exit financing agreements with Morgan Stanley Senior Funding, Inc. and GE Capital Restructuring Finance. It also approved key terms of Vertis’ $100 million new common equity injection, as specified in the Private Placement and the associated backstop agreements. Once completed, these financing arrangements will provide Vertis with the financial flexibility to further advance its products and services and strengthen its leadership position within the marketing communications industry.