Valassis to raise $590 million from senior notes issue
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.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.