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.
Currently, RRD Marketing Solutions serves more than 85% of the Fortune 500 and more than 70% of the Fortune 1000.
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RRD has released its Q4 and FY19 financial results, revealing that its cumulative debt reduction totals $569 million since 2016.
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