Item 7.01 Regulation FD. Disclosure Information
As previously disclosed, on
To facilitate discussions concerning the sale process, the Company provided
certain financial and other information to certain holders of the senior secured
term loan B facility under the Company's Credit Agreement, dated as of
Management of the Company prepared the projections from certain internal financial projections based on expectations, beliefs, opinions, and assumptions of the Company's management that the Company's management believed were reasonable at the time they were made. Such expectations, beliefs, opinions, and assumptions may not be appropriate as of the date hereof in light of developments in the Company's business and the broader markets it serves. The projections were not prepared with a view towards public disclosure and were not prepared in accordance with generally accepted accounting principles or any published guidelines for preparation and presentation of "prospective financial information." The inclusion of the projections in this Form 8-K should not be regarded as an indication that the Company or any other person considered, or now considers, this information to be predictive of actual future results, and does not constitute an admission or representation by any person that such information is material, or that the expectations, beliefs, opinions, and assumptions that underlie such projections remain the same as of the date of this Form 8-K, and readers are cautioned not to place undue reliance on the prospective financial information.
Neither the independent auditor of the Company nor any other independent accountant has examined, compiled, or performed any procedures with respect to the prospective financial information contained in this Form 8-K. Accordingly, none has expressed any opinion or any other form of assurance on such information or its achievability and none assumes any responsibility for the prospective financial information. Except as required by law, the Company does not currently intend to update or revise publicly any of the information contained or incorporated herein to reflect circumstances or other events occurring after the date the financial projections were prepared or to reflect the occurrence of future events. These considerations should be taken into account in reviewing the financial projections, which were prepared as of an earlier date. For additional information on factors that may cause actual future financial results to vary materially from the information presented herein, see the section entitled "Cautionary Note Regarding Forward-Looking Statements" below.
Press Release
On
The information contained in this Item 7.01 and Exhibit 99.1 and Exhibit 99.2 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor will such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Exhibit 99.1 Disclosure Information provided in connection with discussions with certain Junior Creditors. 99.2 Press Release, dated as ofSeptember 30, 2020 , issued byLSC Communications, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
Cautionary Note Regarding Forward-Looking Statements
This Form 8-K contains certain forward-looking statements. These statements may
be identified by the use of forward looking terminology such as "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend," "may," "might,"
"our vision," "plan," "potential," "preliminary," "predict," "should," "will,"
or "would" or the negative thereof or other variations thereof or other
comparable terminology and include, but are not limited to, statements regarding
the Purchase Agreement, the Transactions, the outcome and timing of the Chapter
11 process, and other statements regarding the Company's strategy and future
operations, performance and prospects. We have based these forward-looking
statements on our current expectations, assumptions, estimates and projections.
While we believe these expectations, assumptions, estimates and projections are
reasonable, such forward-looking statements are only predictions and involve
known and unknown risks and uncertainties, many of which are beyond our control,
including, but not limited to: the actions and decisions of our creditors and
other third parties with interests in the Chapter 11 Cases; our ability to
address the going concern considerations described in the footnotes to our
audited consolidated financial statements and maintain liquidity to fund our
operations during the Chapter 11 Cases; our ability to obtain
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