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Mail-Well Prices $320 Million Senior Subordinated Notes Offering

Press release from the issuing company

ENGLEWOOD, Colo., Jan. 21 -- Mail-Well, Inc. today announced that it priced its $320,000,000 in aggregate principal amount of senior subordinated notes due 2013 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States under Regulation S of the Securities Act. The notes will bear interest at a rate of 7 7/8% per annum, and the initial price to purchasers is 100% of the principal amount. The notes will be issued by the company's wholly-owned subsidiary, Mail-Well I Corporation, and will be subordinated to all of the company's other existing and future unsecured senior indebtedness. The notes will be guaranteed on an unsecured senior subordinated basis by Mail-Well, Inc. and certain of its subsidiaries. The Company plans to use the proceeds of the offering to consummate the cash tender offer (the "Offer") and consent solicitation for any and all of its $300,000,000 outstanding principal amount of 8 3/4% senior subordinated notes due 2008, which Offer is being commenced today.