Analyst Summary
- Donnelley Financial Solutions amended and restated its Credit Agreement on March 13, 2025.
- A $115 million Term Loan A Facility was established.
- A $300 million revolving facility with a maturity date of March 13, 2030, was established to replace the existing revolving facility.
- The proceeds from the Term Loan A Facility and revolving facility will be used to refinance the $125 million outstanding on the Company’s existing Delayed Draw Term A Loans.
- Charles D. Drucker retired as a director of the Company, effective March 13, 2025.
- Ayman Sayed was appointed as a director of the Company to fill the vacancy created by Mr. Drucker’s retirement, serving until the Company’s 2025 annual meeting of stockholders.
- Mr. Sayed will serve on the Company’s Compensation Committee and will be granted a pro-rated portion of the annual cash and equity retainer for a total of $43,315.07, payable in cash.