RR Donnelley Announces Expiration and Final Results of its Tender Offer for its 4.95% Notes Due May 15, 2010
September 17 2009 - 6:30AM
Business Wire
R.R. Donnelley & Sons Company (NASDAQ:RRD) (“RR
Donnelley” or the “Company”) today announced the expiration and
final results of its offer (the “Maximum Tender Offer”) to purchase
up to $175 million in aggregate principal amount (the “Maximum
Tender Amount”) of its 4.95% Notes due May 15, 2010 (the “2010
Notes”).
As of 11:59 p.m., New York City time, on September 16, 2009, the
aggregate principal amount of 2010 Notes tendered was $174,251,000.
As a result, RR Donnelley accepted $174,251,000 in principal amount
of 2010 Notes for payment, with settlement expected to occur
today.
Holders whose 2010 Notes have been accepted for payment and who
tendered before the “Early Tender Date” of 5:00 p.m., New York City
time, on September 1, 2009, will receive $1,010 per $1,000
principal amount of notes accepted for payment, which includes the
Early Tender Premium of $20 per $1,000 principal amount. Holders
whose 2010 Notes have been accepted for payment and who tendered
after the Early Tender Date will receive $990 per $1,000 principal
amount of notes accepted for payment.
The Maximum Tender Offer was made pursuant to an Offer to
Purchase dated August 19, 2009 (the “Offer to Purchase”) and the
related Letter of Transmittal dated August 19, 2009 (the “Letter of
Transmittal”), which set forth a complete description of the terms
of the offer.
J.P. Morgan Securities Inc. and BofA Merrill Lynch served as
dealer managers for the tender offer. Global Bondholder Services
Corporation served as the depositary and information agent for the
tender offer.
For additional information regarding the terms of the tender
offer, please contact: J.P. Morgan Securities Inc. at (866)
834-4666 (toll free) or (212) 834-3506 (collect) and BofA Merrill
Lynch at (888) 292-0070 (toll free) or (646) 855-3401 (collect).
Requests for documents and questions regarding the tender of
securities may be directed to Global Bondholder Services
Corporation at (866)-540-1500 (toll free) or (212)-430-3774
(collect).
Copies of the Offer to Purchase and the Letter of Transmittal
related to the tender offer may also be obtained at no charge from
Global Bondholder Services Corporation.
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 offer was made solely by means of
the Offer to Purchase and the related Letter of Transmittal, which
were distributed to holders of notes by RR Donnelley. The tender
offer was not made in any jurisdiction in which such offer,
solicitation or acceptance 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 offer was 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.
Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
Historical Stock Chart
From Aug 2023 to Aug 2024