SGS receives consents from holders of 12% notes to allow more foreign borrowing

New York, April 26 - SGS International, Inc. said it received the necessary consents from holders of its 12% senior subordinated notes due 2013 to amend the indenture.

The company had been seeking to change the terms to allow up to $20 million of permitted debt to be incurred by foreign subsidiaries of the company under the senior secured credit facility basket in addition to that allowed under the permitted foreign and other non-guarantor restricted subsidiary debt basket, inclusive of the $20 million of term loans incurred at the closing of the acquisition of Southern Graphic Systems, Inc. by the Canadian subsidiary of the company.

SGS needed the consents of holders of a majority of the notes. Those who deliver consents will receive a fee of $2.50 per $1,000 principal amount.

The solicitation began on April 10 and ended at 11:59 p.m. ET on April 24.

The solicitation agent is UBS Investment Bank (888 722-9555 or call collect 203 719-4210). D.F. King & Co., Inc. is the tabulation agent and information agent (800 290-6427 or call collect 212 269-5550).

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