American Reprographics Co. Announces Closing of New Asset Based Credit Facility
January 30, 2012 at 04:31 pm
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American Reprographics Co. announced that it has closed a new asset based senior secured credit facility with Wells Fargo Bank, National Association that was arranged by Wells Fargo Capital Finance, LLC. The committed size of the new facility is $50 million and includes a $10 million 'accordion' provision that may be used to increase the borrowing capacity to $60 million. The initial term of the facility is four and a half years and has no financial covenants unless there is less than $10 million of excess availability. The new facility replaces company's existing and undrawn $50 million revolving credit line. The interest rate for the facility is set by an availability-based grid starting at LIBOR plus 175 basis points, 25 basis points lower than the company's previous revolving credit facility.
ARC Document Solutions, Inc. is a provider of digital printing and document-related services. It also provides other digital printing and scanning services to a variety of industries all over North America and in select markets around the world. Its primary services are digital printing of general and specialized business documents, such as those found in marketing and advertising, engineering and construction and other industries, as well as producing customized display graphics of all types and sizes; acquiring, placing and managing office printing equipment with device tracking and print management software at its customerâs offices and job sites; scanning documents, indexing them and adding digital search features for use in digital document management, document archives and facilities management, as well as providing other digital imaging services; and reselling digital printing equipment and supplies. Its products and services are available from each of its service centers.
ARC DOCUMENT SOLUTIONS, INC. 
