Quad/Graphics Announces Addition of Flagstar Bank to Its Syndicate of Premier Lenders

Strategic Insights -

Quad/Graphics, Inc., a marketing experience company, has announced the addition of Flagstar Bank, one of the largest regional lenders in the country, to its syndicate of premier lenders. This move brings an increase of $20 million in the aggregate outstanding principal amount of Quad's Term Loan A to $371 million, as well as a $15 million increase in its revolving credit availability to $340 million. The partnership is expected to provide Quad with additional scale and financial flexibility to fuel its capital allocation strategy, while maximizing long-term shareholder returns.

Key Takeaways:

  • Quad/Graphics, Inc. has added Flagstar Bank to its syndicate of premier lenders, increasing the aggregate outstanding principal amount of its Term Loan A by $20 million to $371 million.
  • The revolving credit availability has been increased by $15 million to $340 million, providing Quad with additional financial flexibility.
  • The partnership is expected to enhance Quad's financial foundation, enabling the company to capitalize on diversified growth opportunities and maximize long-term shareholder returns.
  • Quad's Chief Financial Officer, Tony Staniak, expressed pleasure with the addition of Flagstar Bank, highlighting the benefits of the partnership in terms of scale and financial flexibility.
  • Rich Raffetto, Senior Executive Vice President, President of Commercial & Private Banking at Flagstar Bank, noted that Quad's storied history, leading market position, and strong management team were prime factors in facilitating this new banking partnership.
  • JPMorgan Chase Bank, N.A., serves as the Administrative Agent of the credit agreement, and Reinhart Boerner Van Deuren s.c. and Mayer Brown LLP are legal counsel for the Company and lenders, respectively.

Statistics:

  • $371 million: The new aggregate outstanding principal amount of Quad's Term Loan A after adding Flagstar Bank to its syndicate of premier lenders.
  • +$20 million: The increase in the aggregate outstanding principal amount of the Term Loan A.
  • $340 million: The new revolving credit availability for Quad after the addition of Flagstar Bank.
  • +$15 million: The increase in revolving credit availability.

Sources:

  • PRNewswire, "Quad/Graphics Adds Flagstar Bank to Its Syndicate of Premier Lenders"
  • Quad/Graphics, Inc., Form 8-K, dated August 21, 2025
  • Flagstar Bank, Press Release, dated August 21, 2025