Sheridan Group redeems all senior notes due 2014 via new bank facility

By Toni Weeks

San Luis Obispo, Calif., Oct. 18 - Sheridan Group Inc. said in a press release that it fully redeemed its outstanding senior secured notes due April 2014 with proceeds of a new five-year term loan and working capital facility.

Following the redemption, the company no longer has any publicly traded debt.

The refinancing was led by Cerberus Business Finance, who acted as agent, the release noted.

Hunt Valley, Md.-based Sheridan is a print, publishing and technology provider to publishers of scholarly journals, magazines, books and catalogs.

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