R.R. Donnelley & Sons launches tenders for 5.625% notes, 4.95% notes

By Jennifer Chiou

New York, Aug. 19 - R.R. Donnelley & Sons Co. announced the start of cash tender offers for any and all of its $625 million of 5.625% notes due Jan. 15, 2012 and up to $125 million of its $500 million of 4.95% notes due May 15, 2010.

The any and all tender offer will expire at 5 p.m. ET on Aug. 26. The maximum tender offer ends at 11:59 p.m. ET on Sept. 16.

For each $1,000 principal amount, the company said it will pay $1,015 for the 5.625% notes and $1,010 for the 4.95% notes. The payout for the 4.95% notes includes a $20.00 early tender premium for those who tender prior to 5 p.m. ET on Sept. 1.

R.R. Donnelley said it will also pay accrued interest.

The offers are conditioned on the satisfaction or waiver of a number of conditions, including the completion of a public offering of not less than $350 million of unsecured senior debt securities.

J.P. Morgan Securities Inc. (866 834-4666 or call collect 212 834-3506) and Bank of America Merrill Lynch (888 292-0070 or call collect 646 855-3401) are the dealer managers. Global Bondholder Services Corp. is the depositary and information agent (866 540-1500 or call collect 212 430-3774).

The print and related services company is based in Chicago.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.