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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo, GE, J.P. Morgan Arrange $205MM Facilty for ARC Document
Friday, November 21, 2014
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Lenders/Participants
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Wells Fargo Securities [Joint Lead Arranger, Joint Bookrunner]
GE Capital Markets Group [Joint Lead Arranger, Joint Bookrunner]
J.P. Morgan Securities [Joint Lead Arranger, Joint Bookrunner]
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Structure
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$30MM Revolver; $175MM Term Loan
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Amount
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$205.000
Million
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Borrower(s)
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ARC Document Solutions
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Description
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A $205 million credit facility consisting of a Term A loan facility in the amount of $175 million, and a revolving line of credit in the amount of $30 million. Proceeds of the new term loan were used to repay the company’s former Term B loan facility in full, and the new revolving line of credit replaces the company’s previously undrawn revolving line of credit in the amount of $40 million. The new credit facility bears interest at per annum floating rates that are adjusted quarterly based on the company’s leverage ratio. Based on ARC’s leverage ratio at the closing, the company’s interest rate effective November 20, 2014, will be LIBOR plus 250 BPs. The credit facility has a term of five years that matures in November 2019.
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Industry
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Technology
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| Related Tags |
GE Capital Markets, J.P. Morgan Securities, Wells Fargo Securities
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ABL Advisor
Deal Tables
2024
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