RRD Reports $849M Loss; to Offer Senior Notes

The company also announced that it plans to offer $350 million of senior notes due 2021 in an underwritten public offering.

RR Donnelley intends to use the net proceeds from this offering, along with borrowings under its revolving credit facility, (1) to fund tender offers for up to $400 million aggregate principal amount of the company's 6.125 percent Notes due 2017, 8.600 percent Notes due 2016 and 7.25 percent Notes due 2018 based on prices to be determined and (2) to pay premiums in connection with those tender offers. If there are any remaining proceeds from the notes, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility and for general corporate purposes.