GLENDALE, Calif., Feb. 3 /PRNewswire-FirstCall/ -- American Reprographics Company (NYSE: ARP) announced today that it has priced its initial public offering of 13,350,000 shares of common stock at $13.00 per share for gross proceeds of $173,550,000. In the offering, American Reprographics is selling 7,666,667 shares and intends to use the net proceeds of $89,290,000 after underwriting discount and estimated offering expenses to repurchase preferred equity and repay a portion of its debt. Certain of the company's existing shareholders are selling the remaining 5,683,333 shares, of which 4,695,933 shares will come from funds managed by certain affiliates of Code Hennessy & Simmons LLC. The underwriters have an option to purchase up to an additional 2,002,500 shares from selling stockholders, of which up to 1,908,781 shares would come from funds managed by certain affiliates of Code Hennessy & Simmons LLC.

Goldman, Sachs & Co. and JP Morgan acted as book-running managers of the offering. Credit Suisse First Boston, Robert W. Baird & Co. and CIBC World Markets acted as co-managers in this offering.

The registration statement relating to the initial public offering of shares of common stock has been declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of such shares of common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Goldman, Sachs & Co. at 85 Broad Street, New York, NY 10004, Attention: Prospectus Department (Phone: 212-902-1171) or J.P. Morgan Securities Inc., One Chase Manhattan Plaza, New York, NY 10081, Attention: Prospectus Department (Phone: 212-552-5164).

About American Reprographics Company

American Reprographics Company is the leading reprographics company in the United States, providing business-to-business document management services to the architectural, engineering and construction industry, or AEC industry. It also provides these services to companies in non-AEC industries that also require sophisticated document management services.