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RR Donnelley Prices $450 Mln Offering Of 8.250% Notes Due 2019 - Quick Facts

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R.R. Donnelley & Sons Co. (RRD: Quote) said it has priced an offering of $450 million of its 8.250% notes due 2019 in an underwritten public offering. The company plans to use the net proceeds from the offering to partially fund tender offers for up to $450 million aggregate principal amount of its debt securities, including up to $350 million aggregate principal amount of its 4.95% notes due 2014 and up to $100 million aggregate principal amount of its 5.50% Notes due 2015 and to pay premiums related to those tender offers.

If any remaining proceeds are available, RR Donnelley would use those proceeds to repay borrowings under its revolving credit facility. Amounts repaid under its revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness. The offering may close on March 13, 2012.

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by RTT Staff Writer

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