R.R. Donnelley gets $1.15 billion revolver at Libor plus 185 bps

By Sara Rosenberg

New York, Oct. 16 - R.R. Donnelley & Sons Co. closed on a new $1.15 billion five-year secured revolving credit facility that is initially priced at Libor plus 185 basis points with a 40 bps unused fee, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Pricing on the revolver can range from Libor plus 150 bps to 250 bps, and the unused fee can range from 25 bps to 50 bps, based on debt ratings.

Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ Ltd., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, U.S. Bank and Wells Fargo Securities LLC acted as joint lead arrangers and joint bookrunners on the deal that was completed on Oct. 15.

Covenants include an interest coverage ratio and a leverage ratio.

R.R. Donnelley is a Chicago-based provider of integrated communication solutions to private and public sectors.

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