Key Developments: RR Donnelley & Sons Co (RRD.O)
12.84USD
24 May 2013
$0.02 (+0.16%)
$12.82
$12.76
$12.97
$12.65
1,310,789
2,196,057
$13.30
$8.30
Latest Key Developments (Source: Significant Developments)
RR Donnelley & Sons Co Secures Multi-Year Multi-Million Dollar Agreement To Provide Direct Marketing Services To AmeriMark Direct And Dr Leonard's Healthcare Corp
RR Donnelley & Sons Co announced that it has been awarded a multi-year multi-million dollar agreement to provide catalog services to AmeriMark Direct and its Dr Leonard's Healthcare Corp. business. The agreement extends and significantly expands the companies' relationship. Full Article
RR Donnelley & Sons Co Secures Multi-Year Multi-Million Dollar Agreement By Northern Tool + Equipment Co. and The Sportsman's Guide
RR Donnelley & Sons Co announced that it has been awarded a multi-year multi-million dollar agreement that extends and expands its relationship with Northern Tool + Equipment, The Sportsman's Guide and The Golf Warehouse. Northern Tool + Equipment acquired both The Sportsman's Guide and The Golf Warehouse in December 2012. Under the terms of this agreement, RR Donnelley will provide a comprehensive range of catalog and direct response production services, retail inserts, co-binding, co-mailing, logistics services and more. Full Article
RR Donnelley & Sons Co Reaffirms FY 2013 Revenue Guidance
RR Donnelley & Sons Co announced that it is reaffirming its revenue guidance for fiscal 2013. The Company expects revenue of $10.1 billion to $10.3 billion for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $10.1 billion for fiscal 2013. Full Article
RR Donnelley & Sons Co To Withdraw Chicago Stock Exchange Listing, Retains NASDAQ Listing
RR Donnelley & Sons Co announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange. RR Donnelley's common stock will continue to be listed on the NASDAQ Global Select Market. RR Donnelley & Sons Co has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings. The withdrawal is expected to be effective within the next month. Full Article
RR Donnelley & Sons Co Declares Quarterly Dividend
RR Donnelley & Sons Co announced a regular quarterly dividend of 26 cents per common share. The dividend is payable June 3, 2013 to stockholders of record as of the close of business on April 26, 2013. Full Article
R.R. Donnelley & Sons Co Closes $450 Million Debt Offering
R.R. Donnelley & Sons Co announced that it has closed an offering of $450 million aggregate principal amount of 7.875% Notes due 2021. As previously announced, RR Donnelley intends to use the net proceeds from this offering, along with borrowings under its revolving credit facility, to partially fund tender offers for up to $500 million aggregate principal amount of its debt securities, including up to $300 million of its 6.125% Notes due January 15, 2017, up to $150 million of its 8.600% Notes due August 15, 2016 and up to $50 million of its 7.25% Notes due May 15, 2018 and to pay premiums in connection with those tender offers. The completion of each tender offer will be subject to customary closing conditions. If there are any remaining proceeds from the notes, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility and for general corporate purposes. Amounts repaid under its revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness. Full Article
R.R. Donnelley & Sons Co Secures Multi-Year Agreement By International Airlines Group
R.R. Donnelley & Sons Co announced that it has been awarded a multi-year agreement by International Airlines Group (IAG) and its subsidiaries British Airways, Iberia and Avios. Under the terms of the agreement, which renews and expands the companies' relationship, RR Donnelley will provide a range of print management, direct response, warehousing and logistics services. Full Article
R.R. Donnelley & Sons Co Announces Pricing of $450 Million Offering of 7.875% Notes Due 2021
R.R. Donnelley & Sons Co announced that it has priced an offering of $450 million of its 7.875% Notes due 2021 in an underwritten public offering. The offering is expected to close on March 14, 2013. RR Donnelley intends to use the net proceeds from the offering, along with borrowings under its revolving credit facility, (1) to fund tender offers for up to $500 million aggregate principal amount of its debt securities, including up to $300 million of its 6.125% Notes due January 15, 2017, up to $150 million of its 8.600% Notes due August 15, 2016 and up to $50 million of its 7.25% Notes due May 15, 2018 and (2) to pay premiums in connection with those tender offers. The completion of each tender offer will be subject to customary closing conditions. If there are any remaining proceeds from the notes, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility and for general corporate purposes. Amounts repaid under its revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness. BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and Mitsubishi UFJ Securities are acting as the joint book-running managers for the offering. Full Article
R.R. Donnelley & Sons Co Announces $350 Million Debt Offering
R.R. Donnelley & Sons Co announced that it plans to offer $350 million of senior notes due 2021 in an underwritten public offering. RR Donnelley intends to use the net proceeds from this offering, along with borrowings under its revolving credit facility, (1) to fund tender offers for up to $400 million aggregate principal amount of the Company's 6.125% Notes due 2017, 8.600% Notes due 2016 and 7.25% Notes due 2018 based on prices to be determined and (2) to pay premiums in connection with those tender offers. If there are any remaining proceeds from the notes, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility and for general corporate purposes. Amounts repaid under its revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness. Full Article
R.R. Donnelley & Sons Co Issues FY 2013 Revenue Guidance Above Analysts' Estimates-Conference Call
R.R. Donnelley & Sons Co announced that for fiscal 2013, it expects revenue in the range of $10.1 billion to $10.3 billion on an organic basis. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $9.9 billion for fiscal 2013. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
