LSC Communications has announced the pricing of its 8.750% Senior Secured Notes due 2023, which is referred to as the senior secured notes, in the aggregate principal amount of $450 million. LSC Communications also priced its $375 million senior secured term loan B facility under its new credit agreement, under which LSC Communications will borrow at 6.00% over LIBOR, subject to a LIBOR floor of 1.00%. The financing transactions are expected to close on September 30, 2016 in connection with the contribution to LSC Communications of the publishing and retail-centric print services and office products businesses of RRD.
On Sept. 24, Quad/Graphics’ Chairman, President and CEO Joel Quadracci was honored with the Walter E. Soderstrom Award from Idealliance
According to a survey, GPO employees’ job satisfaction, morale have improved significantly, are higher than Government wide average.
When a packaging project is on a tight deadline, it can be easy to overlook the communication process. But when brand owners, designers and printers don't get on the same page, the project is put at risk. Ashley Roberts, senior production editor of packagePRINTING, spoke with Kory Grushka, director of business development at Works Design Group, to learn more. Click here for the full article, "Achieving Communication Clarity," from the August issue of packagePRINTING.
"Leaders are born, not made," some say. In some cases, that may be true. But, in my three careers, what I have witnessed is: Leadership is learned and developed. It's a DECISION to step up in a lead position! There's hope...
RRD announced the early tender results for the cash tender offers to purchase a portion of its outstanding debt securities.
RR Donnelley & Sons Company (RRD) announced today that its board of directors has approved the distribution to its shareholders of approximately 80.75% of the outstanding shares of each of LSC Communications, and Donnelley Financial Solutions, which will result in three distinct, publicly traded companies. Each RRD shareholder of record as of the close of business on Sept. 23, 2016, the record date for the distribution, will receive on the distribution date one share of LSC Communications common stock and one share of Donnelley Financial common stock for every eight shares of RRD common stock held as of the record date. The RRD board also approved the implementation of a 1:3 reverse stock split for RRD.