LSC Communications, RRD Announce Secondary Stock Offering

CHICAGO — March 16, 2017 — LSC Communications announced today that R. R. Donnelley & Sons Company (RRD), a stockholder of the Company, intends to offer 6,242,802 shares of the Company’s common stock in an underwritten public offering, subject to market conditions. The selling stockholder will receive all of the net proceeds from the sale of these shares.

In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 936,420 shares of the Company’s common stock at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds from the sale of any additional shares for general corporate purposes.

Citigroup, BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as the joint book-running managers for the proposed offering.

The offering will only be made by means of a prospectus.

A registration statement relating to the Company’s common stock has been filed with the Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Source: LSC.