R.R. Donnelley (RRD) Commences $500M Debt Tender Offer
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R.R. Donnelley & Sons Company (Nasdaq: RRD) has commenced a tender offer for up to $500 million of outstanding debt securities.
From the release: "Upon the terms and subject to the conditions described in the Offer to Purchase, the Letter of Transmittal and any amendments or supplements to the foregoing, RR Donnelley is offering to purchase for cash any and all of the $400 million aggregate principal amount of its 11.25% Notes due February 1, 2019 and up to $500 million less the aggregate principal amount of 2019 Notes purchased by RR Donnelley pursuant to the tender offer for the 2019 Notes in aggregate principal amount of 6.125% Notes due January 15, 2017 and 5.50% Notes due May 15, 2015 in accordance with Acceptance Priority Level (set forth in the table below) and the $100 million of Maximum Principal Amount to be Accepted for each series of 2017 Notes and 2015 Notes."
From the release: "Upon the terms and subject to the conditions described in the Offer to Purchase, the Letter of Transmittal and any amendments or supplements to the foregoing, RR Donnelley is offering to purchase for cash any and all of the $400 million aggregate principal amount of its 11.25% Notes due February 1, 2019 and up to $500 million less the aggregate principal amount of 2019 Notes purchased by RR Donnelley pursuant to the tender offer for the 2019 Notes in aggregate principal amount of 6.125% Notes due January 15, 2017 and 5.50% Notes due May 15, 2015 in accordance with Acceptance Priority Level (set forth in the table below) and the $100 million of Maximum Principal Amount to be Accepted for each series of 2017 Notes and 2015 Notes."
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