As previously announced, RR Donnelley intends to use the net proceeds from this offering, along with borrowings under its revolving credit facility, (1) to partially fund tender offers for up to $500 million aggregate principal amount of its debt securities, including up to $300 million of its 6.125% Notes due January 15, 2017, up to $150 million of its 8.600% Notes due August 15, 2016 and up to $50 million of its 7.25% Notes due May 15, 2018 and (2) to pay premiums in connection with those tender offers. The completion of each tender offer will be subject to customary closing conditions. If there are any remaining proceeds from the notes, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility and for general corporate purposes. Amounts repaid under its revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness.
BofA Merrill Lynch, J.P. Morgan, Mitsubishi UFJ Securities and Wells Fargo Securities were the joint book-running managers for the offering. Copies of the prospectus supplement and the accompanying base prospectus for the offering may be obtained from: BofA Merrill Lynch toll-free at 1-800-294-1322, J.P. Morgan toll-free at 1-800-245-8812, Mitsubishi UFJ Securities toll-free at 1-877-649-6848 and Wells Fargo Securities toll-free at 1-800-326-5897.
This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. The tender offers are being made solely by means of the Offer to Purchase and the related Letter of Transmittal, which are being distributed to holders of notes by RR Donnelley. The tender offers are not being made in any jurisdiction in which such offer, solicitation or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction where the laws require a tender offer to be made by a licensed broker or dealer, the tender offers will be deemed to be made on behalf of RR Donnelley by the dealer managers, or one or more registered brokers or dealers under the laws of such jurisdiction.