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RR Donnelley Closes $600 Million Debt Offering

Press release from the issuing company

CHICAGO, -- R.R. Donnelley & Sons Company ("RR Donnelley" or the "Company") announced that it has closed an offering of $600 million aggregate principal amount of 7.25% Notes due 2018.

As previously announced, RR Donnelley intends to use the net proceeds from this offering (1) to fund tender offers for up to $500.0 million aggregate principal amount of its notes including a tender offer for any and all of its 11.25% Notes due February 1, 2019 and maximum tender offers for its 6.125% Notes due January 15, 2017 and 5.50% Notes due May 15, 2015 and (2) to pay premiums in connection with those tender offers. If there are any remaining proceeds, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility. Amounts repaid under RR Donnelley's revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness. The completion of such tender offers will be subject to customary closing conditions.

BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the joint book-running managers 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 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.


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