August 20, 2009 (FinancialWire) — R.R. Donnelley & Sons Co. (NASDAQ: RRD) has priced an offering of $350 million of 8.60% notes due 2016. The offering is scheduled to close on August 26.

The company plans to apply all or a portion of the net proceeds from the offering of the notes plus cash on hand and revolver borrowings, if necessary, to fund cash tender offers for its outstanding 5.625% notes due 2012 and 4.95% notes due 2010.

RR Donnelley plans to add any remaining net proceeds from the sale of the notes to general corporate funds that may be used for the repayment at maturity or repurchases of any remaining principal on its 5.625% notes due 2012 or 4.95% notes due 2010, repayment of short-term borrowings or other debt or other general corporate purposes.

Chicago-based RR Donnelley provides premedia, printing, logistics and business process outsourcing services to clients in the private and public sectors.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.