Thursday, March 01, 2001 12:01:37 AM
Anacomp(R) Announces Extension of Credit Agreement With Its Senior Bank Group
SAN DIEGO, Feb. 28 /PRNewswire/ -- Anacomp, Inc. (OTC Bulletin Board: ANCO - news) today announced that it has reached an agreement with its senior bank lenders to extend the current forbearance and standstill agreement between the Company and the lenders, under which the lenders have agreed to forebear from exercising remedies under the facility. The extension of the forbearance and standstill is for a limited period of time, during which the Company and its senior bank lenders will be engaged in further negotiations. During this extension, the Company will have limited additional access to its senior credit facility.
About Anacomp
Anacomp, Inc. is a leading provider of document-management and technical services. With global operations backed by more than 30 years of outsourcing experience, Anacomp offers premium services for virtually any business application. Anacomp comprises three business units: Document Solutions (document-management outsource services); Technical Services (multi-vendor maintenance services and supplies); and docHarbor(SM) (web-based storage and delivery services). For more information, visit Anacomp's web site at www.anacomp.com.
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