reports
Moody's places R.R. Donnelley's B3 CFR on review for downgrade
Moody's Ratings (Moody's) placed R.R. Donnelley & Sons Company's ("RRD") B3 corporate family rating (CFR), B3-PD probability of default rating (PDR), B1 backed senior secured first lien term loan rating, B3 senior secured notes rating and Caa1 senior unsecured notes and debentures ratings on review ...
Moody's assigns B3 rating to RRD's new secured junior lien notes; B3 C...
Moody's Investors Service ("Moody's") assigned a B3 rating to R.R. Donnelley & Sons Company's ("RRD") proposed $250 million secured junior lien notes due in 2028. Moody's also affirmed the company's B3 corporate family rating (CFR), B3-PD probability of default rating (PDR), B1 senior secured term l...
Moody's assigns B1 rating to RRD's new term loan B
Moody's Investors Service ("Moody's") assigned a B1 rating to R.R. Donnelley & Sons Company's ("RRD") $1.25 billion senior secured term loan B due in 2028. The company's B3 corporate family rating (CFR), B3-PD probability of default rating (PDR), B1 senior secured notes rating, Caa1 senior unsecured...
Chatham Asset Management Completes Acquisition of RRD
CHICAGO--(BUSINESS WIRE)-- Chatham Asset Management, LLC (“Chatham”), a leading private investment firm, and R.R. Donnelley & Sons Company (“RRD” or the “Company”) today announced that they have completed a transaction in which affiliates of Chatham have acquired RRD for $10.85 per share in cash. The acquisition was previously announced on December 14, 2021, and RRD stockholders approved the transaction at the Special Meeting of Stockholders held on February 23, 2022. With the completion of the transaction, RRD expects its common stock will cease trading on the New York Stock Exchange before ...
RRD Announces Expiration of Its Consent Solicitation for Its 2029 Debe...
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today announced the expiration of its previously announced solicitation of consents (the “Consent Solicitation”) from holders of its 6.625% Debentures due 2029 (the “Debentures”) to adopt certain proposed amendments to the reporting covenant of the indenture governing the Debentures (the “Proposed Amendments”). The Consent Solicitation expired at 5:00 p.m., New York City time, on February 23, 2022 (the “Expiration Date”). The Consent Solicitation is subject to the terms and conditions set forth in the...
RRD Announces Results of Special Meeting of Stockholders
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (“RRD” or the “Company”) (NYSE: RRD) today held its virtual special meeting of stockholders (the “Special Meeting”) to consider two proposals relating to the previously announced Agreement and Plan of Merger, dated as of December 14, 2021, by and among Chatham Delta Parent, Inc. (“Parent”), Chatham Delta Acquisition Sub, Inc. (“Acquisition Sub”) and RRD (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, Acquisition Sub will merge with and into RRD (the “Merger”), with RRD surviving the Merger as a direct or indirect...
RRD Reports Fourth Quarter and Full Year 2021 Results
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today reported financial results for the fourth quarter and full year of 2021. Full Year Key Messages GAAP net sales, including the impact of foreign exchange and a disposition in early 2020, increased $197 million or 4.1%; Non-GAAP organic net sales increased 3.2% primarily from higher demand for many of the Company’s products and services GAAP income from operations was up $55 million versus the prior year Non-GAAP income from operations for the year improved $17 million despite headwinds in ...
RRD Announces Extension of Its Consent Solicitation for Its 2029 Deben...
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today announced the extension of its previously announced solicitation of consents (the “Consent Solicitation”) from holders of its 6.625% Debentures due 2029 (the “Debentures”) to adopt certain proposed amendments to the reporting covenant of the indenture governing the Debentures. The new expiration date for validly delivering consents with respect to the Debentures has been extended from 5:00 p.m., New York City time, on February 11, 2022 to 5:00 p.m., New York City time, on February 23, 2022, and ...
RRD to Announce Fourth Quarter Results and Host a Conference Call on F...
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (NYSE:RRD) (“RRD” or the “Company”) announced today that it will report fourth quarter results before the market opens on Friday, February 18, 2022. Management will also host a conference call and webcast the same day at 11:00 am Eastern time (10:00 am Central time). The full earnings release and a slide presentation will be available on the Investors section of the or by clicking this . Participants must register in advance in order to either join the webcast or request the dial-in information to join by telephone. Registration links ...
RRD Announces Expiration of Its Consent Solicitation for Its 2023 Note...
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today announced the expiration of its previously announced solicitation of waivers and consents (the “Consent Solicitation”) from holders of its 6.500% Notes due 2023 (the “Notes”) to waive certain provisions in and adopt certain proposed amendments to the indenture governing the Notes (the “Notes Indenture”), including with respect to (i) declaring that the Merger (as defined below) does not constitute a Change of Control (as defined in the Notes Indenture) under the Notes Indenture and waiving any o...
Levain Bakery™ Meets over 200% Increase in E-Commerce Demand with RRD’...
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (RRD) (NYSE: RRD), a leading global provider of marketing and business communications, helped Levain Bakery™ meet a 200% increase in e-commerce demand during the pandemic. The 26-year-old company, which started on Manhattan’s Upper West Side, has transformed from a New York City institution popular amongst locals and tourists, to a national brand – while improving efficiencies and exceeding consumer expectations with the help of RRD’s packaging and warehousing solutions. This press release features multimedia. View the full release here:...
Strategic Party Withdraws $11.50 Non-Binding Proposal to Acquire RRD
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today announced that the unsolicited non-binding and conditional “Alternative Acquisition Proposal” (as defined in the Company’s previously announced definitive merger agreement with affiliates of Chatham Asset Management, LLC (“Chatham”), dated as of December 14, 2021 (the “Chatham Merger Agreement”)) from a strategic party (the “Strategic Party”) to acquire all of the outstanding shares of RRD’s common stock for $11.50 per share in cash has been withdrawn. The Strategic Party did not provide specifi...
RRD Announces Expiration of Its Consent Solicitations for Its 2024 Not...
CHICAGO--(BUSINESS WIRE)-- R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today announced the expiration of its previously announced solicitation of waivers and consents (the “Consent Solicitations”) from holders of its 6.000% Notes due 2024 (the “2024 Notes”), 6.125% Senior Secured Notes due 2026 (the “2026 Notes”) and 8.820% Debentures due 2031 (the “2031 Debentures”) to waive certain provisions in and adopt certain proposed amendments to each of the indentures governing the 2024 Notes (the “2024 Notes Indentures”), the 2026 Notes (the “2026 Notes Indenture”) and the 2031...
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