Stamford label and envelope maker Cenveo Inc. got a $50 million loan from Australia’s Macquarie Group to repay holders of the rest of its outstanding short-term bonds.
The four-year loan from the Macquarie Capital unit is unsecured, proceeds of which also will cover accrued and unpaid interest on its 7.875 percent senior subordinated notes due in 2013, Cenveo said Wednesday.
Cenveo announced last June an amendment when it signed a new $65 million credit pact with an unidentified lender permitting it to retire up to $135 million of its senior debt due December 2013.
Last March, Cenveo announced its intent to retire early its $460 million in outstanding debt.
Cenveo makes envelopes, custom labels, specialty packaging and other printed products.
