GE Provides $250M In Exit Financing To Vertis
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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