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American Reprographics gets $107.55 million amended and restated credit facility
By Sara Rosenberg
New York, July 7 - American Reprographics Co. closed on a $107.55 million amended and restated credit facility, according to an 8-K filed with the Securities and Exchange Commission Thursday. Goldman Sachs Credit Partners LP acted as lead arranger, sole bookrunner and syndication agent, and General Electric Capital Corp. acted as administrative agent and collateral agent.
The facility, which closed on Tuesday, consists of a $77.55 million term loan C due June 15, 2009 with an interest rate of Libor plus 175 basis points and a $30 million revolver due Dec. 18, 2008 with an interest rate that can range from Libor plus 200 to 275 basis points, depending on the ratio of consolidated debt to consolidated adjusted EBITDA.
The facility has a $15 million accordion feature for term loans.
American Reprographics is a Glendale, Calif.-based reprographics company.
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