Quad/Graphics amends financial covenants under credit agreement

By Marisa Wong

Madison, Wis., Dec. 23 – Quad/Graphics, Inc. amended some covenants under its second amended and restated credit agreement dated April 28, 2014, according to an 8-K filing with the Securities and Exchange Commission.

The amendment eliminates the “net debt” concept from the calculation of the maximum total leverage ratio and maximum senior secured leverage ratio and eliminates the covenant requiring maintenance of a minimum consolidated net worth.

The amendment to the $1.6 billion credit facility was completed on Dec. 18.

Quad/Graphics is a Sussex, Wis.-based printer and media channel integrator.

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