RR Donnelley Closes $400 Million Debt Offering
August 26 2013 - 2:50PM
R.R. Donnelley & Sons Company (Nasdaq:RRD) ("RR Donnelley" or
the "Company") announced that it has closed an offering of $400
million aggregate principal amount of 7.000% Notes due 2022.
As previously announced, RR Donnelley intends to use the net
proceeds from this offering, along with borrowings under its
revolving credit facility, (1) to partially fund tender offers for
up to $400 million aggregate principal amount of its debt
securities, including up to $100 million of its 5.500% Notes due
May 15, 2015, up to $100 million of its 6.125% Notes due January
15, 2017 and up to $200 million of its 7.250% Notes due May 15,
2018 and (2) to pay premiums in connection with those tender
offers. The completion of each tender offer will be subject to
customary closing conditions. If there are any remaining proceeds
from the notes, RR Donnelley intends to use those proceeds to repay
borrowings under its revolving credit facility and for general
corporate purposes. Amounts repaid under its revolving credit
facility may be reborrowed for general corporate purposes,
including the repayment or redemption of other indebtedness.
BofA Merrill Lynch, Citigroup, J.P. Morgan and US Bancorp were
the joint book-running managers for the offering. Copies of the
prospectus supplement and the accompanying base prospectus for the
offering may be obtained from: BofA Merrill Lynch toll-free at
1-800-294-1322, Citigroup toll-free at 1-800-831-9146, J.P. Morgan
toll-free at 1-800-245-8812 and US Bancorp toll-free at
1-877-558-2607.
This announcement is for informational purposes only and does
not constitute an offer to sell or a solicitation of an offer to
buy 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 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), a Delaware corporation, is a global
provider of integrated communications. The Company works
collaboratively with more than 60,000 customers worldwide to
develop custom communications solutions that reduce costs, drive
top line growth, enhance return on investment and increase
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
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
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.
CONTACT: RR Donnelley Investor Contact:
Dave Gardella
Senior Vice President
Investor Relations
312-326-8155
david.a.gardella@rrd.com
RR Donnelley Media Contact:
Phyllis Burgee
Director, Communications
630-322-6093
phyllis.burgee@rrd.com
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