R.R. Donnelley (RRD) Reports Results Recent Senior Debt Tender
Tweet
Share
E-mailGet Alerts RRD Hot Sheet
Join SI Premium – FREE
R.R. Donnelley & Sons Company (Nasdaq: RRD) announced the expiration and final results of its offers to purchase for cash up to $450,000,000 aggregate principal amount of its notes, including up to $350,000,000 of its 4.95% Notes due April 1, 2014 (the "2014 Notes") and up to $100,000,000 of its 5.50% Notes due May 15, 2015.
As of the Expiration Date, the aggregate principal amount of 2014 Notes tendered was $341,759,000, of which $340,534,000 were tendered prior to 5:00 p.m., New York City time, on March 12, 2012 (the "Early Tender Date") and were accepted for payment on the early tender settlement date on March 13, 2012. RR Donnelley announced that it has accepted for payment all of the $1,225,000 aggregate principal amount of 2014 Notes that had been validly tendered after the Early Tender Date and prior to the Expiration Date, and expects to make payment on such 2014 Notes today. The holders of such 2014 Notes tendered after the Early Tender Date will not receive an early tender premium.
RR Donnelley previously announced that it accepted for payment the maximum aggregate principal amount of 2015 Notes ($100,000,000 aggregate principal amount) that had been validly tendered and not validly withdrawn prior to the Early Tender Date. RR Donnelley made payment for such notes on March 13, 2012. As a result, RR Donnelley announced that it would not accept any additional 2015 Notes for purchase. Accordingly, any additional 2015 Notes that were tendered after the Early Tender Date were not considered validly tendered and will be returned.
The Offers were made pursuant to an Offer to Purchase dated February 28, 2012, and the related Letter of Transmittal dated February 28, 2012, which set forth a complete description of the terms of the Tender Offers.
BofA Merrill Lynch, Citigroup and Mitsubishi UFJ Securities served as dealer managers for the Offers. Global Bondholder Services Corporation served as the depositary and information agent.
As of the Expiration Date, the aggregate principal amount of 2014 Notes tendered was $341,759,000, of which $340,534,000 were tendered prior to 5:00 p.m., New York City time, on March 12, 2012 (the "Early Tender Date") and were accepted for payment on the early tender settlement date on March 13, 2012. RR Donnelley announced that it has accepted for payment all of the $1,225,000 aggregate principal amount of 2014 Notes that had been validly tendered after the Early Tender Date and prior to the Expiration Date, and expects to make payment on such 2014 Notes today. The holders of such 2014 Notes tendered after the Early Tender Date will not receive an early tender premium.
RR Donnelley previously announced that it accepted for payment the maximum aggregate principal amount of 2015 Notes ($100,000,000 aggregate principal amount) that had been validly tendered and not validly withdrawn prior to the Early Tender Date. RR Donnelley made payment for such notes on March 13, 2012. As a result, RR Donnelley announced that it would not accept any additional 2015 Notes for purchase. Accordingly, any additional 2015 Notes that were tendered after the Early Tender Date were not considered validly tendered and will be returned.
The Offers were made pursuant to an Offer to Purchase dated February 28, 2012, and the related Letter of Transmittal dated February 28, 2012, which set forth a complete description of the terms of the Tender Offers.
BofA Merrill Lynch, Citigroup and Mitsubishi UFJ Securities served as dealer managers for the Offers. Global Bondholder Services Corporation served as the depositary and information agent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Adient amends credit deal, adds $500M in incremental term loans
- Nu Skin EVP of global sales takes medical leave
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
CitiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
