Arandell is a 100-year-old commercial catalog printer, the third largest in the U.S., with revenues exceeding $80MM and pre-petition loan and lease obligations of $50MM. They had setbacks related to an acquisition of a second production facility, which hurt profitability and saddled the balance sheet with unsustainable debt levels. The company was in default of its senior loan borrowing base and financial covenants.
Arandell Corporation
