NEW YORK, Feb. 6 - Bowne & Co., Inc. announced today that it has completed a $75 million private placement of senior unsecured notes with several institutional investors. BMO Nesbitt Burns acted as the exclusive placement agent for this private placement.
The notes have an average life of 7.2 years with an approximate interest rate of 7.3%. Net proceeds from the private placement will be used for debt repayment under the Company's current revolving credit facility.
Bowne & Co., Inc., established in 1775, is the global market leader in the field of empowering information by combining superior customer service with appropriate new technologies to manage, repurpose and distribute a client's information to any audience, through any medium, in any language, anywhere in the world. The world's largest financial printer, Bowne is also a leading provider of globalization and localization services, outsourcing services, legal software and digital print-on-demand solutions.
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