Edward A. Mule
's Silver Point Capital disclosed a 28.4% stake in Standard Register Co (NYSE:SR
). The stake amasses 2,202,695 shares, and was obtained by Silver Point after it exercised the warrants to purchase a total of 2,202,699 it held earlier. "The Funds paid the exercise price on a cashless basis in accordance with the terms of the Warrants, resulting in the Issuer withholding 4 shares of Common Stock to pay the exercise price and issuing to the Funds the remaining 2,202,695 shares of Common Stock," the filing with the SEC stated.
Earlier in August, Silver Point reported holding the warrants issued by Standard Register in terms of company's acquisition of all outstanding membership interests of WorkflowOne LLC.
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