Donnelley to pay down revolver, term loan B debt with sale proceeds

By Sarah Lizee

Olympia, Wash., July 16 – Donnelley Financial Solutions plans to pay down debt under its revolving credit facility and term loan B using proceeds from the sale of its Language Solutions business to SDL, according to a press release.

The company entered into a definitive agreement to divest the business for $77.5 million on a cash free, debt free basis with all consideration to be paid in cash.

The transaction is expected to close by the end of July.

Donnelley Financial is a Chicago-based financial communications services company.

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