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Valassis to raise $590 million from senior notes issue

Friday, February 16, 2007

Press release from the issuing company

LIVONIA, Mich., Feb. 14 -- Valassis, today announced that it intends to offer senior unsecured notes (the "notes") that are expected to generate $590 million of gross proceeds. The proceeds of these notes are expected to be used to finance the company's pending acquisition of ADVO, Inc., refinance approximately $125.0 million of outstanding ADVO debt and pay related fees and expenses. The consummation of the note offering is contingent upon the consummation of the ADVO acquisition.




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