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R.R. Donnelley will pay down term loan with proceeds of notes
Chicago, July 17 – R.R. Donnelley & Sons Co. will use the proceeds from a new offering of junior-lien secured notes due 2028 to partially pay down its term loan credit agreement, according to a press release.
The company will also use the proceeds to repay in full its 6 1/8% senior secured notes due 2026 and pay a dividend to its indirect parent RRD Parent, Inc. so that the parent may redeem a portion of its outstanding 10% senior notes due 2031.
R.R. Donnelley is a provider of marketing, packaging, print, and supply chain solutions based in Chicago.
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