NCL Graphic Specialties is a leading printer and supplier of high quality labels to consumer products companies. The Company was founded in 1963 as a commercial printer, began specializing in label production in 1975, and now produces more than 10 billion labels annually for a variety of industries. PPC was engaged by NCL to consult on capitalization options for the business, including the evaluation of sale-leaseback financing proposals as an alternative to traditional term debt.