Consolidated Graphics gets $285 million facility via JPM, Wells Fargo

By Sara Rosenberg

New York, Aug. 20 - Consolidated Graphics Inc. closed on Friday on a new $285 million revolving credit facility due Oct. 6, 2014, according to an 8-K filed with the Securities and Exchange Commission.

JPMorgan and Wells Fargo acted as the co-lead arrangers on the deal, with JPMorgan the bookrunner and administrative agent.

Pricing on the revolver can range from Libor plus 137.5 basis points to 275 bps, and the commitment fee can range from 25 bps to 50 bps, based on leverage. Initial pricing is Libor plus 162.5 bps with a 25 bps commitment fee.

Proceeds are available to repay debt, finance certain acquisitions, provide for working capital and general corporate purposes and fund the repurchase of common stock.

Consolidated Graphics is a Houston-based provider of general commercial printing and print-related services.

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