RR Donnelley Announces Pricing of $350 Million Offering of its 6 1/2% Notes Due 2023
07 November 2013 - 7:45AM
R.R. Donnelley & Sons Company ("RR Donnelley" or the "Company")
(Nasdaq:RRD) announced today that it has priced an offering of $350
million of its 6 ½% Notes due 2023 in an underwritten public
offering. The offering is expected to close on November 12, 2013.
RR Donnelley intends to use the net proceeds from the offering
for general corporate purposes, which may include repayment of
borrowings under the Company's revolving credit facility. Amounts
repaid under the revolving credit facility may be reborrowed to
finance the cash portion of amounts payable by the Company in
connection with the proposed acquisition of Consolidated Graphics,
Inc. and for general corporate purposes.
The notes are being offered pursuant to the Company's existing
shelf registration statement, which became automatically effective
upon filing with the Securities and Exchange Commission. A
prospectus supplement and accompanying prospectus describing the
terms of the offering will be filed with the Securities and
Exchange Commission. BofA Merrill Lynch, J.P. Morgan, Mitsubishi
UFJ Securities and Wells Fargo Securities will act as the joint
book-running managers for the offering. When available, copies of
the prospectus supplement and the accompanying prospectus for the
offering may be obtained from: BofA Merrill Lynch toll-free at
1-800-294-1322, J.P. Morgan toll-free at 1-866-803-9204, Mitsubishi
UFJ Securities toll-free at 1-877-649-6848 and Wells Fargo
Securities toll-free at 1-800-326-5897.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy securities, nor shall there be any
sales of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities law 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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