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RR Donnelley Closes $400 Million Debt Offering

Friday, March 21, 2014

Press release from the issuing company

CHICAGO - R.R. Donnelley & Sons Company announced that it has closed an offering of $400 million aggregate principal amount of 6.000% Notes due 2024.

As previously announced, RR Donnelley intends to use the net proceeds from the 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 7.250% Notes due May 15, 2018, up to $250 million of its 8.250% Notes due March 15, 2019 and up to $50 million of its 7.625% Notes due June 15, 2020 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, Mitsubishi UFJ Securities, US Bancorp and Wells Fargo Securities 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 (c/o Broadridge Financial Solutions) toll-free at 1-866-803-9204, Mitsubishi UFJ Securities toll-free at 1-877-649-6848, US Bancorp toll-free at 1-877-558-2607 and Wells Fargo Securities toll-free at 1-800-326-5897.

 

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