LSC Communications to pay down revolver debt with sale proceeds, cash

By Sarah Lizee

Olympia, Wash., July 19 – LSC Communications Inc. plans to pay down about $60 million of debt under its revolving credit facility using proceeds from the sale its European printing business to Walstead Group, according to a press release.

The company said it will also use repatriated cash to fund the paydown.

The agreement is subject to customary completion conditions, adjustments and regulatory approvals and is expected to close by the end of 2018.

LSC is a Chicago-based provider of digital print, print-related services and office products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.