Visant Posts a Larger Net Loss for Latest Quarter on Lower Net Sales
Based on seasonality of our cash flow, we traditionally borrow under our revolving credit facility during the third quarter to fund general working capital needs. The company paid approximately $53.9 million of interest under its senior notes and senior secured credit facilities on October 1, 2012.
About Visant
Visant is a leading marketing and publishing services enterprise servicing the school affinity, direct marketing, fragrance, cosmetic and personal care sampling and packaging, and educational and trade publishing segments. The company has three reportable segments:
- Companies:
- Visant Corp.
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