R.R. Donnelley talks $50 million tap of 6 1/8% secured notes due 2026 in 102 area; pricing Tuesday

By Paul A. Harris

Portland, Ore., May 4 – R.R. Donnelley & Sons Co. plans to price a $50 million add-on to its 6 1/8% senior secured notes due Nov. 1, 2026 (B1/B+) in a Tuesday drive-by.

The Rule 144A and Regulation S for life deal, which is being marketed by means of an internet roadshow, with no investor call, is talked to price in the 102 area.

Books close at noon ET.

BofA Securities Inc. is the bookrunner.

The notes are subject to call after Nov. 1, 2023 at 103.063.

The Chicago-based integrated communications company plans to use the proceeds to pay down its term loan.

The original $400 million issue priced in April 2021.

The add-on notes will immediately become fungible with the original notes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.