RR Donnelley announced the pricing of an offering of $400 million aggregate principal amount of 6.125%.
“We delivered a strong fourth quarter to finish an extraordinary year,” said Dan Knotts, RR Donnelley president and CEO.
RRD announced it will expand its North American production capabilities to support the trading card and collectible card game industry.
The statement from RR Donnelley was issued in response to a recent Bloomberg article.
RRD has signed a definitive agreement to sell its DLS Worldwide Logistics business to TFI International for $225 million in cash.
The RR Donnelley Board approved a one-year extension to the final expiration date under the Rights Plan. It is now Aug. 28, 2021.
In RR Donnelley’s Q2 report, net sales were $1.16 billion, down $346.5 million or 23% from the second quarter of 2019.
R.R. Donnelley announced the expiration of its previously announced offers to exchange up to $300 million aggregate principal amount.
Approximately $225 million principal amount of new notes would be issued upon closing of the exchange offers.
The Exchange Offers are being made subject to the conditions set forth in its prospectus and consent solicitation statement.