Vertis extends tender offers for 13½%, 18½% senior notes to Oct. 29

By Marisa Wong

Madison, Wis., Oct. 1 - Vertis Holdings, Inc. said its operating subsidiary, Vertis, Inc., will make available supplemental materials regarding amendments to its private tender offer, exchange offer and consent solicitation for its 13½% senior pay-in-kind notes and the private exchange offer and consent solicitation for its 18½% senior secured second-lien notes due 2012.

As a result, the expiration of the offers has been extended to 5 p.m. ET on Oct. 29 from Sept. 30.

The offers began on April 15 and have been extended multiple times.

The supplemental materials will contain updates regarding any changes to the consideration offered to noteholders, any expiration of the withdrawal period, any changes to the extended expiration time and any changes to the other components of the offers.

Until the supplemental materials are available, the current terms of the offers remain in effect.

Holders can still withdraw their tendered notes and revoke their consents until further notice.

As of 5 p.m. ET on Sept. 30, holders tendered and delivered consents for approximately $186.2 million, or approximately 77%, of the 13½% notes and approximately $350.8 million, or approximately 92.2%, of the 18½% notes.

Baltimore-based Vertis provides print advertising and marketing services.

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