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R.R. Donnelley & Sons Company Announces Increase In Maximum Principal Amount To Be Accepted In Cash Tender Offers For Certain Of Its Outstanding Debt Securities

Stocks in this article: RRD

CHICAGO, March 1, 2013 (GLOBE NEWSWIRE) -- R.R. Donnelley & Sons Company ("RR Donnelley" or the "Company") (Nasdaq:RRD) today announced that it is increasing the aggregate maximum principal amount it is seeking in the tender offers for its 6.125% Notes due January 15, 2017 (the "2017 Notes"), 8.600% Notes due August 15, 2016 (the "2016 Notes") and 7.25% Notes due May 15, 2018 (the "2018 Notes", and together with the 2017 Notes and 2016 Notes, the "Securities") from $400 million to $500 million. The Company is increasing the maximum principal amount it is seeking in the tender offer for the 2017 Notes from $250 million to $300 million and the maximum principal amount it is seeking in the tender offer for the 2016 Notes from $100 million to $150 million. There has been no change in the maximum principal amount that the Company is seeking in the tender offer for the 2018 Notes. The tender offers are conditioned upon the consummation by the Company of a public offering of not less than $450 million in aggregate principal amount of notes due 2021 no later than the Early Settlement Date (as defined below).

The tender offers are being made pursuant to an Offer to Purchase, dated February 28, 2013, and a related Letter of Transmittal, dated February 28, 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 $300 million of its 2017 Notes, (2) up to $150 million of its 2016 Notes and (3) up to $50 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.

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