Cenveo increases revolver, prepays $28.2 million of term loan

By Angela McDaniels

Tacoma, Wash., Dec. 17 - Cenveo, Inc. subsidiary Cenveo Corp. amended its $200 million asset-based revolving credit facility on Dec. 11, increasing it by $30 million.

Concurrent with the increase, Cenveo prepaid $28.2 million of its term loan, according to an 8-K filing with the Securities and Exchange Commission.

As a result of these actions, the company expects to save more than $1 million of interest expense in 2014.

The company paid about $400,000 of fees and expenses in connection with the amendment.

Bank of America, NA is the administrative agent.

Cenveo is a Stamford, Conn.-based manager and distributor of print and related products and services.

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