R.R. Donnelley lifts cap in tender for 4.95% notes to $175 million, extends early tender date

By Susanna Moon

Chicago, Sept. 2 - R.R. Donnelley & Sons Co. said it increased the maximum tender amount on its $500 million of 4.95% notes due May 15, 2010 to $175 million from $125 million.

The company also extended the early tender date until 5 p.m. ET on Sept. 2. The tender offer ends at 11:59 p.m. ET on Sept. 16.

As of 5 p.m. ET on Sept. 2, investors tendered $171,496,000 principal amount of the 4.95% notes, up from $171,425,000 as of 5 p.m. ET on Sept. 1.

For each $1,000 principal amount, the company said it will pay $1,010 for the 4.95% notes, including a $20.00 premium for notes tendered by the early tender date.

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

On Aug. 27, Donnelley said 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 offer expired at 5 p.m. ET on Aug. 26.

The company said it paid $1,015 for the 5.625% notes.

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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