{"id":475468,"date":"2021-04-13T08:33:16","date_gmt":"2021-04-13T12:33:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rrd-announces-offering-of-senior-secured-notes\/"},"modified":"2021-04-13T08:33:16","modified_gmt":"2021-04-13T12:33:16","slug":"rrd-announces-offering-of-senior-secured-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rrd-announces-offering-of-senior-secured-notes\/","title":{"rendered":"RRD Announces Offering of Senior Secured Notes"},"content":{"rendered":"

<\/p>\n

RRD Announces Offering of Senior Secured Notes<\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nR.R. Donnelley & Sons Company (NYSE: RRD) (\u201cRRD\u201d or the \u201cCompany\u201d) today announced its intention to offer $350 million aggregate principal amount of senior secured notes due 2026 (the \u201cNotes\u201d), subject to market conditions. The Notes will be general senior secured obligations of the Company and will be guaranteed by the Company\u2019s domestic, wholly-owned subsidiaries that guarantee the Company\u2019s existing term loan B credit facility (the \u201cTerm Loan Facility\u201d) and its amended and restated senior secured asset-based revolving credit facility (the \u201cABL Credit Facility\u201d).\n<\/p>\n

\nThe Company intends to use the net proceeds from the offering to repay approximately $289 million aggregate principal amount of the loans outstanding under the Term Loan Facility, with the remainder to repay a portion of the borrowings (without a reduction in commitments) under the ABL Credit Facility and for general corporate purposes.\n<\/p>\n

\nThe Notes and the related subsidiary guarantee will be offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related subsidiary guarantee have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.\n<\/p>\n

\nThis news release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\n<\/p>\n

About RRD<\/b><\/p>\n

\nRRD is a leading global provider of multichannel business communications services and marketing solutions. With 30,000 clients and 33,000 employees across 28 countries, RRD offers the industry\u2019s most comprehensive offering of solutions designed to help companies\u2014from Main Street to Wall Street\u2014optimize customer engagement and streamline business operations across the complete customer journey. RRD offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to create, manage, deliver, and optimize their marketing and business communications strategies.\n<\/p>\n

Use of forward-looking statements<\/b><\/p>\n

\nThis news release may contain \u201cforward-looking statements\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks, and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RRD\u2019s filings with the SEC. RRD disclaims any obligation to update or revise any forward-looking statements.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210413005682\/en\/<\/a><\/span><\/p>\n

Investor Contact
\n<\/b>
Johan Nystedt, Senior Vice President, Finance
\n
Telephone: 630-322-7111
\n
E-mail: investor.info@rrd.com<\/a><\/p>\n

KEYWORDS:<\/b> Illinois United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Communications Professional Services Publishing Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

RRD Announces Offering of Senior Secured Notes CHICAGO–(BUSINESS WIRE)– R.R. Donnelley & Sons Company (NYSE: RRD) (\u201cRRD\u201d or the \u201cCompany\u201d) today announced its intention to offer $350 million aggregate principal amount of senior secured notes due 2026 (the \u201cNotes\u201d), subject to market conditions. The Notes will be general senior secured obligations of the Company and will be guaranteed by the Company\u2019s domestic, wholly-owned subsidiaries that guarantee the Company\u2019s existing term loan B credit facility (the \u201cTerm Loan Facility\u201d) and its amended and restated senior secured asset-based revolving credit facility (the \u201cABL Credit Facility\u201d). The Company intends to use the net proceeds from the offering to repay approximately $289 million aggregate principal amount of the loans outstanding under the Term Loan … <\/p>\n

Continue reading “RRD Announces Offering of Senior Secured Notes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-475468","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRRD Announces Offering of Senior Secured Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rrd-announces-offering-of-senior-secured-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RRD Announces Offering of Senior Secured Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RRD Announces Offering of Senior Secured Notes CHICAGO–(BUSINESS WIRE)– R.R. Donnelley & Sons Company (NYSE: RRD) (\u201cRRD\u201d or the \u201cCompany\u201d) today announced its intention to offer $350 million aggregate principal amount of senior secured notes due 2026 (the \u201cNotes\u201d), subject to market conditions. The Notes will be general senior secured obligations of the Company and will be guaranteed by the Company\u2019s domestic, wholly-owned subsidiaries that guarantee the Company\u2019s existing term loan B credit facility (the \u201cTerm Loan Facility\u201d) and its amended and restated senior secured asset-based revolving credit facility (the \u201cABL Credit Facility\u201d). 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