R.R. Donnelley talks $400 million term loan B at Libor plus 500 bps

By Sara Rosenberg

New York, Sept. 20 – R.R. Donnelley & Sons Co. launched on Thursday its $400 million covenant-light term loan B (B1/B+) due January 2024 with price talk of Libor plus 500 basis points with a 0% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months.

Bank of America Merrill Lynch is the left lead arranger on the deal.

Commitments are due at 5 p.m. ET on Oct. 2, 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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