FCL Graphics Completes New Five-Year Debt Facilities
HARWOOD HEIGHTS, IL—Sept. 15, 2011—FCL Graphics, a leading North American printer of marketing and direct mail materials, announced the completion of new five-year senior revolving and term-debt facilities. The lower interest cost of this new financing will free up significant cash flow providing increased capacity for investments to drive growth both organically and through acquisition.
The agent for the new facilities was OFS Agency Services, LLC, who structured the facility on behalf of a syndicate of four major lending institutions.
“In each year of our 38 year history, FCL Graphics has invested in equipment and technology to meet our customers’ needs,” said Michael Ford, president and CEO of FCL Graphics. “This year we installed two new binding lines, a new four-color digital press, and new inkjet mailing equipment. This refinancing further strengthens FCL Graphic’s financial position, and supports our continued investment in services, equipment, and solutions to meet the needs of our valued customers.”
About FCL Graphics
FCL Graphics Inc. is a leading North American printer of marketing and direct mail materials. The company provides printing, finishing, mailing and related services to clients nationwide in a wide variety of markets including financial, manufacturing, insurance, retail, and publishing. Founded in 1973, FCL Graphics maintains one of the widest ranges and most powerful lineups of state-of-the-art digital, sheet-fed, half- and full-web equipment under one roof. FCL Graphics ranks as one of the nation’s top direct mail providers.