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RRD Spinoff Donnelley Financial Solutions Prices $300M Senior Notes Offering
September 28, 2016 at 1:47 pm

Donnelley Financial Solutions has announced the pricing of its 8.250% Senior Notes due 2024, which are referred to as the senior notes, in the aggregate principal amount of $300 million. Donnelley Financial also priced its $350 million senior secured term loan B facility under its new credit agreement, under which Donnelley Financial will borrow at 4.00% over LIBOR, subject to a LIBOR floor of 1.00%. The senior notes initially will be guaranteed, jointly and severally, on an unsecured basis, by each of the Company's existing and future direct and indirect wholly-owned U.S. subsidiaries that guarantee the Company's obligations under its senior secured credit facilities. The financing transactions are expected to close on Sept. 30, 2016, in connection with the contribution to Donnelley Financial of the financial communications and data services business of RRD.

How to Compensate Your Sales Rep
September 27, 2016 at 1:42 pm

If the world were fair, salespeople would be paid a fair wage for a fair job and not influenced by their paycheck.

RRD Spinoff LSC Communications Prices $450M Senior Secured Notes Offering
September 27, 2016 at 1:35 pm

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.