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R.R. Donnelley & Sons

Chicago, Illinois, USA, 16 June 2010 -- (Busine Wire) -- R.R. Donnelley & Sons Company (NASDAQ:RRD) today announced that it has priced an offering of USD 400 million aggregate principal amount of 7.625% notes due 15 June 2020. The offering is expected to close on 21 June 2010, subject to customary closing conditions.

The company intends to use a portion of the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility that were drawn on 13 May 2010. The borrowings on the revolving credit facility, together with cash on hand, were used to repay USD 325.7 million of the company's 4.95% senior notes due 15 May 2010. The remaining net proceeds of this offering will be used for general corporate purposes.

The notes are being offered pursuant to the company's existing shelf registration statement, which became automatically effective upon filing with the Securities and Exchange Commission. A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the Securities and Exchange Commission. Banc of America Securities LLC, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., and UBS Securities LLC were the joint book-runners for the offering.

R.R. Donnelley (NASDAQ: RRD) is a global provider of integrated communications. Founded more than 145 years ago, the company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance ROI, and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet-based capabilities and other resources to provide premedia, printing, logistics, and business process outsourcing services to leading clients in virtually every private and public sector.


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