RRD Increases Aggregate Maximum Principal Amount from $350M to $400M
CHICAGO—August 12, 2013—R.R. Donnelley & Sons Company ("RR Donnelley" or the "Company") has announced that it is increasing the aggregate maximum principal amount it is seeking in the tender offers for its 5.500 percent Notes due May 15, 2015 (the "2015 Notes"), 6.125 percent Notes due January 15, 2017 (the "2017 Notes") and 7.25 percent Notes due May 15, 2018 (the "2018 Notes," and together with the 2015 Notes and 2017 Notes, the "Securities") from $350 million to $400 million. The Company is increasing the maximum principal amount it is seeking in the tender offer for the 2018 Notes from $150 million to $200 million. There has been no change in the maximum principal amount that the Company is seeking in the tender offer for the 2015 Notes and the 2017 Notes. The tender offers are conditioned upon the consummation by the Company of a public offering of not less than $400 million in aggregate principal amount of notes due 2022 no later than the Early Settlement Date (as defined below).
The tender offers are being made pursuant to an Offer to Purchase, dated August 12, 2013, and a related Letter of Transmittal, dated August 12, 2013, each of which are amended by this press release and set forth a more detailed description of the tender offers.
Upon the terms and subject to the conditions described in the Offer to Purchase and the Letter of Transmittal, each as amended by this press release, and any further amendments or supplements to the foregoing, RR Donnelley is offering to purchase for cash (1) up to $100 million of its 2015 Notes, (2) up to $100 million of its 2017 Notes and (3) up to $200 million of its 2018 Notes. The Company refers to its offer to purchase the Securities as the "Tender Offers." Except as described in this press release, none of the terms of the Tender Offers are being amended.