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The deal isn't contingent upon financing conditions; Quad has already lined up $1.2 billion in committed financing from JPMorgan Chase and U.S. Bancorp to fund cash distributions, refinance its existing revolving credit facility and refinance Worldcolor's existing outstanding debt, among other things. The two companies have $1.7 billion in combined debt.
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- People:
- Joel Quadracci
- Mark Angelson
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