Quad/Graphics Announces Pricing of $300 Million Offering of Senior Notes
2014年4月12日 - 5:05AM
ビジネスワイヤ(英語)
Quad/Graphics, Inc. (NYSE: QUAD) (“Quad/Graphics” or the
“Company”), announced today that it has priced a private offering
of $300 million of its 7% senior notes due 2022. The offering is
expected to close on April 28, 2014.
Quad/Graphics expects to use the net proceeds from the notes
offering and the previously announced extension and increase of its
senior secured credit facility to: (1) repay its existing term
loans, revolver borrowings and an international term loan; (2) fund
the acquisition of Brown Printing Company; and (3) for general
corporate purposes.
The notes and the related guarantees were offered only to
qualified institutional buyers in reliance on the exemption from
registration set forth in Rule 144A under the Securities Act of
1933, as amended (the “Securities Act”), and outside the United
States to non-U.S. persons in reliance on the exemption from
registration set forth in Regulation S under the Securities Act.
The notes and the related guarantees have not been registered under
the Securities Act or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the
registration requirements of the Securities Act and applicable
state securities or blue sky laws and foreign securities laws.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities, nor shall there be
any sales of the notes in any jurisdiction in which such offer,
solicitation or sales would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
This press release is being issued pursuant to, and in accordance
with, Rule 135(c) under the Securities Act.
Forward-Looking Statements
This press release contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements include statements regarding,
among other things, our current expectations about the Company’s
future results, financial condition, revenue, earnings, free cash
flow, margins, objectives, goals, strategies, beliefs, intentions,
plans, estimates, prospects, projections and outlook of the Company
and can generally be identified by the use of words or phrases such
as ''may,'' ''will,'' ''expect,'' ''intend,'' ''estimate,''
''anticipate,'' ''plan,'' ''foresee,'' ''project,'' ''believe,''
''continue'' or the negatives of these terms, variations on them
and other similar expressions. These forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause actual results to be materially different from
those expressed in or implied by such forward-looking statements.
Forward-looking statements are based largely on the Company’s
expectations and judgments and are subject to a number of risks and
uncertainties, many of which are unforeseeable and beyond our
control.
The factors that could cause actual results to materially differ
include, among others: the impact of significant overcapacity in
the highly competitive commercial printing industry, which creates
downward pricing pressure and fluctuating demand for printing
services; the inability of the Company to reduce costs and improve
operating efficiency rapidly enough to meet market conditions; the
impact of electronic media and similar technological changes,
including digital substitution by consumers; the impact of changes
in postal rates, service levels or regulations; the impact of
changing future economic conditions; the failure to renew long-term
contracts with clients on favorable terms or at all; the failure of
clients to perform under long-term contracts due to financial or
other reasons or due to client consolidation; the failure to
successfully identify, manage, complete and integrate acquisitions
and investments; the impact of increased business complexity as a
result of the Company’s entry into additional markets; the impact
of fluctuations in costs (including labor-related costs, energy
costs, freight rates and raw materials) and the impact of
fluctuations in the availability of raw materials; the impact of
regulatory matters and legislative developments or changes in laws,
including changes in privacy and environmental laws; the impact on
the holders of Quad/Graphics class A common stock of a limited
active market for such shares and the inability to independently
elect directors or control decisions due to the voting power of the
class B common stock; the impact of risks associated with the
operations outside of the United States; significant capital
expenditures may be needed to maintain the Company’s platform and
processes and to remain technologically and economically
competitive; and the other risk factors identified in the Company’s
most recent Annual Report on Form 10-K, as such may be amended or
supplemented by subsequent Quarterly Reports on Form 10-Q or other
reports filed with the Securities and Exchange Commission.
Except as required by the federal securities laws, the Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About Quad/Graphics
Quad/Graphics (NYSE: QUAD), a leading global printer and media
channel integrator, is redefining print in today’s multichannel
media world by helping marketers and publishers capitalize on
print’s ability to complement and connect with other media
channels. With consultative ideas, worldwide capabilities,
leading-edge technology and single-source simplicity, Quad/Graphics
has the resources and knowledge to help its clients maximize the
revenue they derive from their marketing spend through channel
integration, and minimize their total cost of print production and
distribution through a fully integrated national distribution
network. The Company provides a diverse range of print solutions,
media solutions and logistics services from multiple locations
throughout North America, Latin America and Europe.
Investor Relations Contact:Kelly VanderboomVice President
& Treasurer,
Quad/Graphics414-566-2464Kelly.Vanderboom@qg.comorMedia
Contact:Claire HoDirector of Corporate Communications,
Quad/Graphics414-566-2955Claire.Ho@qg.com
Quad Graphics (NYSE:QUAD)
過去 株価チャート
から 6 2024 まで 7 2024
Quad Graphics (NYSE:QUAD)
過去 株価チャート
から 7 2023 まで 7 2024