ARC Document launches $205 million term loan B at Libor plus 450 bps

By Sara Rosenberg

New York, Dec. 3 - ARC Document Solutions Inc. launched on Tuesday its $205 million five-year term loan B (B1/B+) with price talk of Libor plus 450 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the lead banks on the deal.

Proceeds will be used to repurchase 10½% senior notes due 2016.

ARC is a Walnut Creek, Calif.-based provider of technology and document-related services.

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