March 25, 2015 - Lowenstein Sandler LLP was selected as counsel to the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Standard Register. The company provides communications services for commercial, financial services, healthcare and industrial clients. These services include integrated communications, product marking and decoration, document management, promotional marketing, technology services, and professional services. The company announced its ability to invest in growth is hampered by its debt structure and legacy liabilities.
Standard Register filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware on March 12. The company announced that it is pursuing a sale process and has entered into a stalking-horse sale agreement with an affiliate of its prepetition lender, Silver Point Capital, L.P. Standard Register has approximately $600,000,000 of outstanding indebtedness.
The committee retained Jefferies as investment banker and Zolfo Cooper as financial advisor.
With extensive experience representing both debtors and creditors' committees in large, complex Chapter 11 proceedings nationwide, Lowenstein Sandler's legal team includes partners Kenneth A. Rosen, Sharon L. Levine, Gerald C. Bender and Wojciech F. Jung.
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