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ARC Document Solutions seeks $205 million five-year credit facility
By Sara Rosenberg
New York, Nov. 7 – ARC Document Solutions Inc. is expected to close on a new $205 million five-year senior secured credit facility before the end of the month, according to a market source.
Wells Fargo Securities LLC, GE Capital Markets and J.P. Morgan Securities LLC are the lead banks on the deal that launched with a bank meeting on Oct. 20.
The facility consists of a $30 million revolver and a $175 million term loan A, both priced at Libor plus 250 basis points with no Libor floor, the source said.
Proceeds will be used to refinance an existing credit facility.
ARC Document is a Walnut Creek, Calif.-based provider of technology and document-related services.
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