secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001481792-24-000036
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quad amends $690M credit facility, extends maturity to Oct 2029
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- Revolver reduced from $342.5M to $324.6M; $306.9M now due in 2029, $17.7M due in 2026.
- $14.5M of term loan due in 2026; $351.3M extended to Oct 2029.
- Interest rate margin increased 0.50% on loans maturing in 2029.
- New covenants: total leverage ≤3.50x, senior secured ≤3.00x (rolling 12-month).
- CFO notes expected 65% debt reduction from Jan 2020 by end of 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179224000036/0001481792-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179224000036/quad-20241018.htm
  HTML page:      https://secwatch.observer/filing/0001481792-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer