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Quad Facility Suffers Fire; Debt Offering Issued

April 18, 2014
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.

In other Quad/Graphics news, the company 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.

The Sussex, WI-based printer 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; and (3) for general corporate purposes.
 

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