Transcontinental, Quad/Graphics Swap Facilities

Given the synergy opportunities from integrating operations in Mexico, as well as the higher, more profitable growth the company anticipates there, Quad/Graphics expects this transaction will create positive incremental adjusted EBITDA within 12 to 24 months following the close of the transaction.

In the transaction, Transcontinental will also transfer to Quad/Graphics its black-and-white book printing business destined for U.S. export, which represents approximately US$25 million in sales.