Perelman’s Vericast Tussles With Lenders Over Debt Terms of Sale

Ronald Perelman’s Vericast Corp. is facing pushback from lenders over debt terms tied to plans to sell its digital and print marketing division to R.R. Donnelley & Sons Co., according to people with knowledge of the matter.

Lenders are asking for more protections in exchange for waiving a covenant that would pave the way for the sale of one of the company’s most valuable assets, said the people, who asked not to be identified because the discussions are private. The talks remain active after more than a month, and a deal may still be reached, they said.

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