R.R. Donnelley & Sons Co. (RRD) announced the expiration and final results of its offers to purchase for cash up to $450 million aggregate principal amount of its notes, including up to $350 million of its 4.95% Notes due April 1, 2014 and up to $100 million of its 5.50% Notes due May 15, 2015.
As of the Expiration Date, the aggregate principal amount of 2014 Notes tendered was $341.76 million, of which $340.53 million were tendered prior to 5:00 p.m., New York City time, on March 12, 2012 and were accepted for payment on the early tender settlement date on March 13, 2012.
RR Donnelley announced that it has accepted for payment all of the $1.23 million aggregate principal amount of 2014 Notes that had been validly tendered after the Early Tender Date and prior to the Expiration Date, and expects to make payment on such 2014 Notes on March 27. The holders of such 2014 Notes tendered after the Early Tender Date will not receive an early tender premium.
RR Donnelley also said it would not accept any additional 2015 Notes for purchase. Accordingly, any additional 2015 Notes that were tendered after the Early Tender Date were not considered validly tendered and will be returned.
by RTT Staff Writer
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