RRD Increases Aggregate Maximum Principal Amount from $350M to $400M
Securities that are tendered and accepted for purchase at or prior to the Early Tender Date will be settled only on the date that RR Donnelley refers to as the "Early Settlement Date," which will promptly follow the Early Tender Date. RR Donnelley anticipates that the Early Settlement Date for the Securities will be the first business day after the Early Tender Date. Securities that are tendered and accepted for purchase after the Early Tender Date but before the Expiration Date will be settled only on the date that we refer to as the "Final Settlement Date," which will promptly follow the Expiration Date. RR Donnelley anticipates that the Final Settlement Date for the Securities will be the first business day after the Expiration Date. If no additional Securities are tendered after the Early Tender Date and/or if the Tender Offers are fully subscribed as of the Early Tender Date, there will be no Final Settlement Date.
In addition to the applicable Tender Offer Consideration or the Total Consideration, as the case may be, all Securities accepted for purchase will also receive accrued and unpaid interest on those Securities from the last interest payment date to, but not including, the Early Settlement Date or the Final Settlement Date, as applicable, for each series of Securities.
Subject to the terms and conditions of the Offer to Purchase (and any amendments or supplements thereto), RR Donnelley will accept for payment only such portions of validly tendered 2015 Notes, 2017 Notes and 2018 Notes that do not result in an aggregate principal amount of each series of Securities purchased that exceeds (i) $100 million for 2015 Notes, (ii) $100 million for 2017 Notes and (iii) $200 million for 2018 Notes. If the amount to be accepted with respect to a series of Securities is sufficient to allow the Company to accept some, but not all of the validly tendered Securities of such series, the amount of Securities of such series purchased will be prorated based on the aggregate principal amount of Securities of such series validly tendered in the applicable Tender Offer, rounded down to the nearest integral multiple of $1,000, but not less than the minimum principal amount to be accepted.