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SOURCE The Sheridan Group, Inc.
HUNT VALLEY, Md., Oct. 18, 2013 - /PRNewswire/ -- The Sheridan Group, a print, publishing services and technology provider to publishers of scholarly journals, magazines, books and catalogs, announced today that it has refinanced its debt with a new five year term loan and working capital facility. Cerberus Business Finance led the refinancing and is the agent. The term loan and working capital facility mature in October 2018.
The Company used net proceeds from this refinancing and cash on hand to redeem all the outstanding Senior Secured Notes that were scheduled to mature in April 2014. With the redemption of the Senior Secured Notes, the Company no longer has any publicly traded debt. Terms of the transaction were not disclosed.
About The Sheridan Group
Headquartered in Hunt Valley, MD, The Sheridan Group is a leading provider of print, publishing services and technology solutions to publishers, associations, university presses, and catalogers. The Sheridan Group is comprised of The Sheridan Press, Dartmouth Printing Company, Dartmouth Journal Services, and Sheridan Books. Each company has a market specialty that supports the scholarly journal, magazine, catalog, or book industry. For more information, please visit www.sheridan.com.
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