Simpson Thacher represented the initial purchasers, led by joint book-running managers, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc., PNC Capital Markets LLC and SunTrust Robinson Humphrey, Inc., and by co-managers, BMO Capital Markets Corp., Fifth Third Securities, Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC, in the sale of an aggregate principal amount of $300 million 7.0% Senior Notes due 2022 by Quad/Graphics, Inc. (“Quad”). The notes will be guaranteed by Quad’s existing and future domestic subsidiaries that are borrowers or that guarantee indebtedness under Quad’s senior secured credit facilities or that guarantee certain of Quad’s indebtedness or indebtedness of its restricted subsidiaries. Quad intends to use the net proceeds of the offering to refinance existing indebtedness, to acquire Brown Printing Company, to pay fees and expenses and for general corporate purposes, which may include repurchases of its existing debt through either tender offers, redemptions, purchases in privately negotiated transactions, open market purchases or a combination thereof.
Quad is a leading global printer and media channel integrator, which provides a diverse range of print solutions, media solutions and logistics services from multiple locations throughout North America, Latin America and Europe.
The Simpson Thacher team included Art Robinson, Marisa Stavenas, David Azarkh and Nakita Cuttino (Capital Markets); Vanessa Grieve (Tax); Jamin Koslowe and Eric Wolf (Executive Compensation and Employee Benefits); Lori Lesser and Samantha Himelman (IP); Mike Isby and Tim Mulvihill (Environmental); and Jennie Getsin (Blue Sky).