RR Donnelley Closes $350 Million Debt Offering
August 26 2009 - 10:44AM
Business Wire
R.R. Donnelley & Sons Company (NASDAQ:RRD) (“RR
Donnelley” or the “Company”) today announced that it has closed the
offering of $350 million aggregate principal amount of 8.600% Notes
due 2016.
As previously announced, RR Donnelley intends to apply all or a
portion of the net proceeds from the offering of the notes plus
cash on hand and revolver borrowings, if necessary, to fund the
Company’s cash tender offers with respect to the outstanding 5.625%
Notes due 2012 and 4.95% Notes due 2010 issued by the Company. Any
remaining net proceeds from the sale of the notes will be applied
to general corporate funds that may be used for, without
limitation, the repayment at maturity or repurchases of any
remaining principal amount of its 5.625% Notes due 2012 or 4.95%
Notes due 2010, repayment of short-term borrowings or other debt or
any other general corporate purpose.
Banc of America Securities LLC and J.P. Morgan Securities Inc.
were the joint book-runners for the offering.
This announcement is for informational purposes only and does
not constitute an offer to purchase or a solicitation of an offer
to sell securities. The tender offers are being made solely by
means of the Offer to Purchase and the related Letter of
Transmittal, which are being distributed to holders of notes by RR
Donnelley. The tender offers are not being made in any jurisdiction
in which such offer, solicitation or acceptance of thereof would
not be in compliance with the securities, blue sky or other laws of
such jurisdiction. In any jurisdiction where the laws require a
tender offer to be made by a licensed broker or dealer, the tender
offers will be deemed to be made on behalf of RR Donnelley by the
dealer managers, or one or more registered brokers or dealers under
the laws of such jurisdiction.
About RR Donnelley
RR Donnelley (NASDAQ: RRD) is a global provider of integrated
communications. Founded more than 144 years ago, the company works
collaboratively with more than 60,000 customers worldwide to
develop custom communications solutions that reduce costs, enhance
ROI and ensure compliance. Drawing on a range of proprietary and
commercially available digital and conventional technologies
deployed across four continents, the company employs a suite of
leading Internet based capabilities and other resources to provide
premedia, printing, logistics and business process outsourcing
services to leading clients in virtually every private and public
sector.
For more information, and for RR Donnelley's Corporate Social
Responsibility Report, visit the company's web site at
http://www.rrdonnelley.com.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as
defined in the U.S. Private Securities Litigation Reform Act of
1995. Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date of this news release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in RR Donnelley's filings with the SEC. RR Donnelley
disclaims any obligation to update or revise any forward-looking
statements.
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