Vertis on Track to Complete Its Recapitalization by Year End

“Building upon the significant progress we have made over the past two weeks, these recent milestones reaffirm that we are nearing the successful completion of our recapitalization and will emerge as a stronger company well positioned for continued investment and growth,” said Gerald Sokol Jr., chief financial officer. “This would not have been possible without the support of our note holders—including Avenue Capital, our current largest shareholder, and Alden Global Capital, which will be our largest shareholder after the recapitalization—as well as our lenders, clients, employees and especially our suppliers. Thanks to the team that has worked so diligently, we are able to complete our recapitalization quickly, from a strong cash position and with an unwavering focus on our clients and business partners.”