logo
Plus   Neg
Share
Email

R.R. Donnelley Unveils Final Results Of Previously Announced Tender Offers

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Member of Congress have reportedly been told President Donald Trump's administration has reached an agreement to put Chinese telecom giant ZTE Corp. back in business. Reports from the New York Times and Reuters said the deal brokered by the Commerce Department would require ZTE to pay a substantial... Delta Air Lines will resume non-stop flights between the U.S. and India next year, almost a decade after it exited the Indian market. The airline said Thursday that its decision to resume non-stop flights from the U.S. to India follows agreements between the U.S. and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers. Mortgage rates continued their upward trend this week and hit a seven-year high, even as housing demand remained robust. According to data released Thursday by mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage rose to 4.66 percent in the week ending May 24, from 4.61 percent in the prior week and 3.95 percent a year ago. This is also the highest level since May 5, 2011.
Follow RTT