Judge Approves $380M In Financing For Vertis

Law360, New York (July 17, 2008, 12:00 AM EDT) -- The prepackaged bankruptcy cases of Vertis Communications and American Color Graphics Inc. are going exactly according to plan and are expected to conclude within a couple of months with a merger of the printing and premedia companies.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware, who is overseeing both cases, approved both companies' first-day motions, including each one's bid for interim approval of a debtor-in-possession credit facility.

The rulings give Vertis immediate access to up to $380 million from GE...
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