EXHIBIT 99
FOR: Consolidated Graphics, Inc.
CONTACT: Tara Taranto
Consolidated Graphics, Inc.
Investor Relations Manager
(713) 787-0977
Betsy Brod/Karen Pagonis
Media: Steve DiMattia
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS ANNOUNCES NEW SENIOR CREDIT FACILITY
HOUSTON, TEXAS - December 13, 2000 - Consolidated Graphics, Inc. (NYSE:CGX)
today announced that it has entered into a new $225 million senior secured
credit facility with eleven banks led by First Union National Bank. The new
credit facility is composed of a $50 million five-year term loan and a $175
million five-year revolving credit line. The size of the combined facility may
be increased at a later date to $275 million by adding other lenders. The
interest rate under the new facility will be based upon certain financial ratios
and will range from Libor plus 1.25% to Libor plus 2.25%, with the initial
pricing set at Libor plus 2.00%. This new facility replaces an existing credit
facility and will be used for general corporate purposes including acquisitions.
First Union Securities acted as the sole manager for the new facility and Bank
One served as the documentation agent.
Consolidated Graphics, Inc. is the largest sheet-fed commercial printing
company in the United States. Through its network of locally managed printing
companies in 25 states, the Company produces high-quality, customized printed
materials for a broad customer base that includes many of the most recognized
companies in the country. Consolidated Graphics also offers an extensive and
growing range of digital and Internet-based services and solutions marketed
through CGXmedia. Consolidated Graphics is focused on adding value to its
operating companies by providing financial and operational strengths, management
support and technological advantages associated with a national organization.
For more information, visit the Company's Web site at
www.consolidatedgraphics.com.
This press release contains forward looking statements, which involve known
and unknown risks, uncertainties or other factors that could cause actual
results, performance or other expectations implied by these forward looking
statements. Consolidated Graphics' expectations regarding future sales and
profitability assume, among other things, stability and reasonable growth in the
economy and in the demand for its products, the continued availability of raw
materials at affordable prices, retention of its key management and operating
personnel, as well as other factors detailed in Consolidated Graphics' filings
with the Securities and Exchange Commission.
