RR Donnelley Closes $450 Million Debt Offering

CHICAGO—March 14, 2013—R.R. Donnelley & Sons Company announced that it has closed an offering of $450 million aggregate principal amount of 7.875 percent Notes due 2021.

As previously announced, RR Donnelley intends to use the net proceeds from this offering, along with borrowings under its revolving credit facility, (1) to partially fund tender offers for up to $500 million aggregate principal amount of its debt securities, including up to $300 million of its 6.125 percent Notes due January 15, 2017, up to $150 million of its 8.600 percent Notes due August 15, 2016 and up to $50 million of its 7.25 percent Notes due May 15, 2018 and (2) to pay premiums in connection with those tender offers. The completion of each tender offer will be subject to customary closing conditions. If there are any remaining proceeds from the notes, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility and for general corporate purposes. Amounts repaid under its revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness.