{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-21-000035","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2021-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.701234+00:00","generated_at":"2026-06-28T13:52:47.733029+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Quad/Graphics amends credit facility: revolver cut to $432.5M, maturities extended to Nov 2026","bullets":["Revolving credit reduced from $500M to $432.5M; $342.5M due Nov 2026, $90M due Jan 2024.","Term loan: $483.9M extended to Nov 2026, $91.5M remains due Jan 2024; interest margin increased 0.50%.","New covenants: Total Leverage Ratio ≤3.75x; Senior Secured Leverage ≤3.50x (3.25x after Dec 2023); minimum liquidity $181.6M after Dec 15, 2023.","Dividend/stock repurchase limits based on Total Net Leverage Ratio: >$60M if ≥2.75x, >$100M if 2.50-2.75x, none if <2.50x.","JPMorgan, BofA, BMO, Citizens, Fifth Third, PNC, U.S. Bank were lead arrangers."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-21-000035","json":"https://secwatch.observer/filing/0001481792-21-000035.json","markdown":"https://secwatch.observer/filing/0001481792-21-000035.md","text":"https://secwatch.observer/filing/0001481792-21-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179221000035/0001481792-21-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179221000035/quad-20211102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T13:52:47.733029+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}