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R.R. Donnelley to use revolver borrowings to fund note tender offers
By Tali David
Minneapolis, Aug. 12 - R.R. Donnelley & Sons Co. plans to use borrowings under its revolving credit facility, along with the proceeds of a senior notes offering, to fund tender offers for up to $350 million of its 5½% notes due 2015, 6 1/8% notes due 2017 and 7¼% notes due 2018, according to a company press release.
Borrowings will also be used to pay premiums in connection with those tender offers.
If there are any remaining proceeds from the notes, R.R. Donnelley plans to use them to repay revolver borrowings and for general corporate purposes.
R.R. Donnelley is a Chicago-based integrated communication solutions provider.
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