Cenveo announced its emergence from bankruptcy following a successful financial restructuring and confirmation of the Chapter 11 Plan of Reorganization. As contemplated in the Plan, as approved by the United States Bankruptcy Court, Cenveo completed organizational streamlining and, going forward, will be doing business under the name Cenveo Worldwide Limited. Cenveo emerges with one of the strongest balance sheets in the industry as a result of strengthening its financial position and operational flexibility, including: Reducing debt by more than $800 million, from approximately $1.1 billion to about $300 million; Creating in excess of $65 million of liquidity; and Securing approximately $235 million of term loan exit financing. Click Read More below for additional information.
R. R. Donnelley & Sons Company (Nasdaq:RRD) today announced a further enhancement of the company’s Venue® virtual data room solution to provide clients seamless access to top-of-the-line automated contract review and diligence acceleration software. Venue contract analytics provides deal teams increased speed and accuracy while securely accessing and reviewing contracts directly from a Venue virtual data room.
Venue virtual data room is one of the fastest-growing offerings of RR Donnelley’s comprehensive Financial Services Group and is used by legal and financial services professionals to accelerate and streamline business processes related to M&A due diligence, IPOs, Securities and Exchange Commission filings and fundraising activities. Venue virtual data room is a highly secure, globally accessible online platform for the exchange and storage of critical information inside and outside of an enterprise, in order to streamline collaboration and workflow management.
“As a leading service provider to the global capital markets, we know that reducing time and increasing efficiency is top of mind for all our clients, and especially our virtual data room users,” noted Craig Clay, Executive Vice President of RR Donnelley’s Financial Services Group. “Venue contract analytics will not only enhance the accuracy of the contract review process, but will enable clients to complete the due diligence process much more quickly.”
Leveraging artificial intelligence capabilities from technology provider eBrevia, Venue contract analytics automates the contract review process, allowing law firms and corporate legal departments to more efficiently, accurately, and cost effectively extract and summarize key provisions from legal documents. Using natural language processing technology to extract concepts rather than key words, Venue contract analytics identifies relevant contract provisions even in lengthy and complex documents offering clients speed and accuracy during the due diligence process.
“The Venue virtual data room is one that financial and legal professionals know and trust, so we are very excited to support Venue virtual data room users with our cutting-edge contract analytics capabilities,” said Ned Gannon, Chief Executive Officer of eBrevia.