RR Donnelley To Raise $350 Million In Refinancing Notes

R.R. Donnelley & Sons Company will offer $350 million of notes in an underwritten public offering.

RR Donnelley intends to apply all or a portion of the net proceeds from the offering of the notes plus cash on hand and revolver borrowings, if necessary, to fund its cash tender offers with respect notes due in 2010 and 2012. The new notes will be due in 2016.

BofA Merrill Lynch and J.P. Morgan Securities Inc. will act as the joint book-runners for the offering.

RR Donnelley provides integrated communications services in the premedia, printing, logistics and business process outsourcing fields.