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Mail-Well to Offer $300 Million in New Debt Securities

Wednesday, February 27, 2002

Press release from the issuing company

ENGLEWOOD, Colo., Feb. 26 -- Mail-Well, Inc. today announced that it intends to offer new senior unsecured debt securities in a private offering. The aggregate principal amount of the new securities is expected to be $300 million with a 10-year maturity. The company intends to use the proceeds from this offering to repay a portion of its senior secured bank debt. In conjunction with this offering, the company obtained from its syndicate of banks an amendment to its existing banking agreement which, upon the completion of this offering, will allow the company to set aside funds to retire its existing 5% convertible bonds when they come due November 2002. The offering of new debt securities will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.




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