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April 29, 2014
By: Bridget Klebaur
Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction
Quad/Graphics has completed its previously announced $1.9 billion debt financing that includes refinancing, extending and expanding its $1.6 billion senior secured credit facility consisting of a five-year $850 million revolving line of credit (Revolver), a five-year $450 million bank term loan A (TLA) and a seven-year $300 million term loan B (TLB), as well as a high-yield bond offering of $300 million aggregate principal amount of its 7.0% senior unsecured notes due 2022. “We are pleased to...
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