Sussex, WI-based Quad on Wednesday told analysts that it's hustling for all the printing business it can get, even at a time when e-readers and touch screens are eroding readership for ink-on-paper publishing.
"We continue to focus on ways to grow market share," which is another way of saying that Quad wants to expand its slice of a shrinking pie, Chief Executive Joel Quadracci said on the investor conference call.
It's not just Newsweek in Quadracci's sights as his company positions itself as a leader in the consolidation of a major industry in which printers absorb competitors or go out of business.
Quad/Graphics
SUSSEX, WI—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 (the “Revolver”), a five-year $450 million bank term loan A (the “TLA”) and a seven-year $300 million term loan B (the “TLB”), as well as a high-yield bond offering of $300 million aggregate principal amount of its 7.0 percent senior unsecured notes due 2022.
Commercial Printing Industry News Briefs from Printing Impressions’ May 2014 edition, including Standard Register, Gannett Co., Flint Group, Adman Printing, Taylor Corp., 4over Inc., Roosevelt Paper and Imprimerie Reflet.
Quad/Graphics Inc. and Waseca, MN-based Brown Printing have jointly announced a definitive agreement whereby Quad/Graphics will acquire Brown, which serves publishers and catalogers with printing, distribution and integrated media solutions from three manufacturing facilities.
IDEAlliance has announced the lineup of industry thought-leaders participating in PRIMEXEAST, its one-day conference for publishers, print and interactive media executives, being held June 19, 2014 in New York, NY. PRIMEXEAST is the “think tank” for chief executives and business leaders from across the integrated content production supply chain.
Completing its previously announced $1.9 billion debt financing, Quad/Graphics has refinanced and expanded its senior secured credit facility to $1.6 billion and completed an inaugural high-yield bond offering of $300 million of unsecured senior notes due in 2022.
TAUNTON, MA—A Saturday night fire caused damage to the roof of a Quad/Graphics facility here, the Taunton Gazette reported. There were no injuries reported. The plant is used for printing retail inserts.
Quad/Graphics Inc. has announced that it has priced a private offering of $300 million of its 7 percent senior notes due 2022. The offering is expected to close on April 28, 2014.
A fire damaged the roof of a company in the Myles Standish Industrial Park on Saturday night, according to the Taunton Fire Department.
The fire at 50 John Hancock Road was reported at 9:23 p.m., Taunton Fire Department Deputy Eric Dumont said. The building is a retail printing plant for Quad/Graphics.
No one was hurt in the blaze, Dumont said. The Taunton Fire Department cleared the scene at midnight, he said.
SUSSEX, WI—Quad/Graphics Inc. and Waseca, MN-based Brown Printing have jointly announced a definitive agreement whereby Quad/Graphics will acquire Brown, which serves publishers and catalogers with printing, distribution and integrated media solutions from three manufacturing facilities.