RR Donnelley Prices $1.25 Billion Debt Offering; Proceeds to Fund the Announced Acquisition of Banta Corporation
04 January 2007 - 10:30PM
PR Newswire (US)
CHICAGO, Jan. 4 /PRNewswire-FirstCall/ -- R.R. Donnelley & Sons
Company (NYSE:RRD) announced today the pricing of its offering of
$1.25 billion of senior notes. The offering is in two tranches --
$625 million of 5.625% Notes due January 15, 2012 and $625 million
of 6.125% Notes due January 15, 2017. RR Donnelley intends to use
the net proceeds from the offering to pay a portion of the purchase
price of its announced acquisition of Banta Corporation, including
the repayment of debt of Banta Corporation. RR Donnelley's
acquisition of Banta Corporation is expected to close in January
2007 and is subject to customary closing conditions, including
shareholder approval. Banc of America Securities LLC, Citigroup
Global Markets Inc. and J.P. Morgan Securities Inc. are the joint
book-runners for the offering. This release shall not constitute an
offer to sell or the solicitation of any offer to buy nor shall
there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state. About
RR Donnelley RR Donnelley (NYSE:RRD) is the world's premier
full-service provider of print and related services, including
business process outsourcing. Founded more than 140 years ago, the
company provides solutions in commercial printing, direct mail,
financial printing, print fulfillment, labels, forms, logistics,
call centers, transactional print-and-mail, print management,
online services, digital photography, color services, and content
and database management to customers in the publishing, healthcare,
advertising, retail, technology, financial services and many other
industries. The largest companies in the world and others rely on
RR Donnelley's scale, scope and insight through a comprehensive
range of online tools, variable printing services and
market-specific solutions. For more information, 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. DATASOURCE: R.R. Donnelley & Sons
Company CONTACT: Media: Doug Fitzgerald, Senior Vice President
Marketing & Communications, +1-630-322-6830, , or Investors:
Dan Leib, Senior Vice President - Finance, +1-312-326-7710, , both
of R.R. Donnelley & Sons Company Web site:
http://www.rrdonnelley.com/
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