Media Coverage
Source: The Daily Journal
Media Coverage
12.02.14
Pillsbury recently represented ARC Document Solutions Inc., a Walnut Creek, Calif.-based document solutions provider, in its entrance into a $205 million credit facility, announced Nov. 20. In a news release, ARC says the credit facility consists of a $175 million Term A loan and a $30 million revolving line of credit.
The loan and line of credit were used to repay in full a former Term B loan and to replace a previously undrawn $40 million line of credit, and the company says it expects to save more than $5 million in annual cash interest payments relative to the previous loan.
San Francisco-based Finance partner Philip Jonathan Tendler advised ARC.