12:02 PM EDT, 10/21/2024 (MT Newswires) -- Quad/Graphics ( QUAD ) said Monday that it completed the ninth amendment to its $690 million bank debt agreement that was signed in April 2014.

The new amendment reduces the aggregate amount of the existing revolving credit facility to $324.6 million from $342.5 million, extends the maturity of a portion of the revolving credit facility and a portion of the existing term loan facility, and makes other amendments to pricing and certain covenants, according to the statement.

Quad/Graphics ( QUAD ) Chief Financial Officer Tony Staniak said the company expects to reduce its debt by over $670 million by the end of the year from January 2020 levels.

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