The Sheridan Group has raised $150 million in a sale of senior secured notes in the 144a private placement market. The print and publishing services company intends to use the proceeds to repurchase its existing 10.25% senior secured notes due 2011. The notes are due to mature on 12.5%, and are scheduled to mature on April 15, 2014, adds Reuters. Jefferies was the sole bookrunning manager for the deal.
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