R.R. Donnelley Plans $300 Mln Debt Offering

(RTTNews) - R.R. Donnelley & Sons Co. (RRD) said Thursday that it plans to offer $350 million of senior notes due 2024 in an underwritten public offering.

The company said it plans to use the net proceeds from this offering, along with borrowings under its revolving credit facility, to fund tender offers for up to $350 million aggregate principal amount of its debt securities, including up to $100 million of its 7.250% Notes due May 15, 2018, up to $250 million of its 8.250% Notes due March 15, 2019 and up to $50 million aggregate principal amount of its 7.625% Notes due June 15, 2020 and to pay premiums in connection with those tender offers.

If there are any remaining proceeds from the notes, RR Donnelley plans to use those proceeds to repay borrowings under its revolving credit facility and for general corporate purposes.