Industry News

RR Donnelley Closes $400 Million Debt Offering

Intends to use the net proceeds to partially fund tender offers

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By: DAVID SAVASTANO

Editor, Ink World Magazine

R.R. Donnelley & Sons 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...

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