Quad/Graphics

Joel Quadracci may be the luckiest man in the printing industry: the heir apparent in commercial printing’s royal family; the successor to a multibillion-dollar empire hatched through the blood, sweat and tears of his industrious father. Still, heavy is the head that wears the crown.

Quad estimates that the pricing under the new agreement will reduce its interest payments by $16-20 million annually. “Our improved balance sheet metrics combined with improvements in the credit markets made this an ideal time to refinance,” said John Fowler, Quad/Graphics executive vice president and chief financial officer.

SUSSEX, WI—In the sport of professional baseball, July means—among other things—the celebrated trading deadline. By the 31st of the month, teams deal away or acquire players based upon whether they think their clubs will be competitive and perhaps have a shot at reaching the postseason. Some teams deal away players to cut costs, while others build for the future.

Transcontinental currently operates three facilities in Mexico that are projected to generate approximately $70 million in fiscal 2011 revenues. It will be acquiring seven of Quad/Graphics’ facilities across Canada, which are forecasted to generate approximately $310 million in revenues.

Presstek Inc. announced that its portfolio of DI digital offset presses, CTP systems and plates, press room supplies and service offerings will be represented at GRAPH EXPO 2011, scheduled for Sept. 11-14, 2011, at McCormick Place in Chicago. Presstek will be located in Booth 3200 at the front of the South Hall.

Quad/Graphics Inc., the Sussex provider of printing and graphic-design services, is seeking $1.5 billion in loans to refinance debt, according to a person with knowledge of the matter. The company will host a bank meeting on June 28 in New York, said the person, who declined to be identified because the deal is private.

JPMorgan Chase & Co. is leading the transaction, which includes an $800 million revolving credit line and a $400 million term loan A, both due in five years, and a $300 million, seven-year term loan B, the person said.

A term loan B is sold mainly to non-bank

SUSSEX, WI—Quad/Graphics has placed an order for a five-color Presstek 75DI digital offset press with an in-line aqueous coater. The Presstek 75DI is a highly automated, 29" digital offset press that is available in 4- to 10-color configurations.

Quad/Graphics will be purchasing a five-color Presstek 75DI digital offset press with an in-line aqueous coater. “Quad/Graphics is well aware that there is strong market demand for high-quality, short-run, fast-turnaround color printing,” said Joe Demharter, Presstek’s vice president of sales.

A new StrongMail study asked 925 marketers where they are spending their marketing dollars in 2011; 57 percent said they are increasing their social media spend. While the ROI on this investment is not entirely clear, that hasn't deterred businesses of all sizes from deep and increasing engagements.

Andy Surface of Alvin, TX, who managed to lure Condé Nast into depositing nearly $8 million into his bank account under the guise that he represented printer Quad/Graphics, has relinquished his claim to the money, Forbes reported.