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Cenveo bought back $31.8 million 8 3/8% notes, $16.6 million 7 7/8% notes
By Jennifer Chiou
New York, March 19 - Cenveo, Inc. purchased $31.8 million of its 8 3/8% senior subordinated notes due 2014 and $16.6 million of its 7 7/8% senior subordinated notes due 2013 during the fourth quarter of 2008, according to a 10-K filing with the Securities and Exchange Commission.
The company said it retired the 8 3/8% notes for $19.6 million plus accrued interest and the 7 7/8% notes for $10.6 million plus accrued interest.
In connection with the retirement of the 8 3/8% notes, Cenveo recorded a $12.6 million gain on the extinguishment of the debt. With the retirement of the 7 7/8% notes, the company recorded a gain of $5.8 million.
The purchases were made in the open market.
Cenveo is a Stamford, Conn.-based commercial printing company and direct-mail envelope manufacturer.
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