GE Provides $250M In Exit Financing To Vertis

Law360, New York (November 3, 2008, 12:00 AM EST) -- Vertis Communications has received $250 million in exit financing from GE Commercial Finance as part of the print advertising company's restructuring and merger with American Color Graphics Inc.

The loan provided by GE Commercial Finance was used to refinance the company's debtor-in-possession financing as it emerges from bankruptcy protection.

Baltimore-based Vertis and Brentwood, Tenn.-based American Color, plus several affiliates of both, filed voluntary Chapter 11 petitions in mid-July in order to facilitate Vertis' acquisition of American Color.

“We truly valued GE's ability to provide the funds...
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