Log In | Become a Member | Contact Us

Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured:     M&A Trends     Production Inkjet     Installations and Placements Tracker

Merrill Announces $200 million Financing, Strong May Results

Monday, July 12, 2004

Press release from the issuing company

ST. PAUL, Minn., July 9 -- Merrill Corporation, a global, diversified communications and document services provider, today announced the appointment of Credit Suisse First Boston and Bank of America as lead arrangers of a $200 million credit facility. The facility will be comprised of a $50 million revolving credit facility and $150 million term loan facilities. The proceeds will be used to refinance existing debt and for working capital and general corporate purposes. In separate news, Merrill announced a continuation of the strong financial results recorded in its first fiscal quarter, ended April 30, 2004. During May 2004, revenues of $65.6 million represented a 12 percent increase over $58.7 million in May 2003. May 2004 EBITDA of $11.4 million increased by 81 percent over $6.3 million in May 2003.




Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2019 WhatTheyThink. All Rights Reserved