R.R. Donnelley & Sons accepts tenders for $466.4 million 5.625% notes

By Jennifer Chiou

New York, Aug. 27 - R.R. Donnelley & Sons Co. announced that it accepted tenders for $466,398,000 of notes in the any and all offer for its $625 million of 5.625% notes due Jan. 15, 2012.

The company is also running a maximum tender offer for up to $125 million of its $500 million of 4.95% notes due May 15, 2010.

The any and all tender offer expired at 5 p.m. ET on Aug. 26. The maximum tender offer ends at 11:59 p.m. ET on Sept. 16.

For each $1,000 principal amount, the company said it paid $1,015 for the 5.625% notes and will pay $1,010 for the 4.95% notes. The payout for the 4.95% notes includes a $20 early tender premium for those who tender prior to 5 p.m. ET on Sept. 1.

R.R. Donnelley said it will also pay accrued interest.

The offers are conditioned on the satisfaction or waiver of a number of conditions, including the completion of a public offering of not less than $350 million of unsecured senior debt securities.

J.P. Morgan Securities Inc. (866 834-4666 or call collect 212 834-3506) and Bank of America Merrill Lynch (888 292-0070 or call collect 646 855-3401) are the dealer managers. Global Bondholder Services Corp. (866 540-1500 or call collect 212 430-3774) is the depositary and information agent.

The print and related services company is based in Chicago.

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