Paul Hastings Advises BofA Merrill Lynch, J.P. Morgan, and Credit Suisse on Valassis High-Yield Offering

January 31, 2011

New York, NY (January 31, 2011) - Paul, Hastings, Janofsky & Walker, a leading global law firm, announced that the firm has advised BofA Merrill Lynch, J.P. Morgan, and Credit Suisse as initial purchasers in connection with the offering of $260 million of senior notes by Valassis Communications, Inc.

Paul Hastings also advised BofA Merrill Lynch as dealer manager for Valassis' tender offer for $242 million of its existing senior notes, which was financed with the proceeds of the senior notes offering.

Jeffrey Pellegrino led the Paul Hastings team, which included Michael Chernick, Scott Saks, Angelique Crain, Eliza Scott, Margaret Tong, and Hannah Kang.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.