Industry News, Mergers and Acquisitions, Printers News

LSC Communications Announces Sale to Atlas Holdings, Supporting Creditors

Company expects to exit Chapter 11 with improved balance sheet and sustainable cost structure.

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By: Anthony Locicero

Copy editor, New York Post

LSC Communications, Inc. announced that the company has entered into a stock and asset purchase agreement with an affiliate of Atlas Holdings LLC with the support of certain of LSC’s secured creditors.   Under the terms of the Purchase Agreement, the purchaser will acquire substantially all of the company’s assets through a combination of cash and a credit bid of obligations under the company’s secured term loan facility and senior secured notes in the direction of the creditor group.    ...

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