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R.R. Donnelley to launch $400 million term loan B on Thursday
By Sara Rosenberg
New York, Sept. 18 – R.R. Donnelley & Sons Co. will hold a bank meeting at 2 p.m. ET in New York on Thursday to launch a $400 million covenant-light term loan B due January 2024, according to a market source.
Bank of America Merrill Lynch is the left lead arranger on the deal.
The term loan has 101 soft call protection for six months, the source said.
Proceeds will be used to repay debt and for general corporate purposes.
R.R. Donnelley is a Chicago-based communications provider enabling organizations to create, manage, deliver and optimize their multichannel marketing and business communications.
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