R.R. Donnelley ends first half of year with $1.3 billion of liquidity

By Lisa Kerner

Charlotte, N.C., Sept. 12 - R.R. Donnelley & Sons Co. had cash of about $354 million and liquidity of about $1.3 billion at June 30, according to a presentation on Thursday at the CL King Best Ideas Conference in New York.

There are no debt maturities coming due in 2013. The next big "maturity tower" is in 2019, according to the presentation.

The company is targeting leverage in the range of 2.25 times to 2.75 times on a long-term, sustainable basis.

R.R. Donnelley is a Chicago-based integrated communication solutions provider.

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