RR Donnelley & Sons closed an ABL revolver for up to $800 million with Bank of America serving as administrative agent.

According to a related 8-K filing, Citigroup Global Markets JPMorgan Chase Bank, PNC Bank and Wells Fargo Bank acted as co-syndication agents for the amended and restated credit agreement.

The amended agreement restates the company’s credit agreement, dated September 30, 2016. The proceeds of the loans may be used for working capital and general corporate purposes.

The agreement provides for a senior secured asset-based revolving credit facility of up to $800 million, subject to a borrowing base. The amount available to be borrowed is equal to the lesser of $800 million and the aggregate amount of accounts receivable, inventory, machinery and equipment and fee-owned real estate of the company and the guarantors, subject to certain eligibility criteria and advance rates.

The aggregate amount of real estate and machinery and equipment that can be included in the borrowing base cannot exceed $200 million. The agreement is scheduled to mature on September 29, 2022, at which time all outstanding amounts under will be due and payable.

Any borrowings under the agreement will bear interest at a rate dependent on the average quarterly availability under the amended and restated credit agreement and will be calculated according to a base rate or a Eurocurrency rate plus an applicable margin. The applicable margin for base rate loans ranges from 0.25% to 0.50% and the applicable margin for Eurocurrency loans ranges from 1.25% to 1.50%. In addition, an unused line fee is payable quarterly on the unused portion of the amount available to be borrowed under the amended and restated credit agreement. The unused line fee accrues at a rate of either 0.250% or 0.375% depending upon the average usage of the facility.