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RR Donnelley Prices $400 Million Debt Offering; Proceeds of Debt Neutral Transaction Will Be Used to Pay Down Short-Term Debt

01/13/2009

CHICAGO--(BUSINESS WIRE)--Jan. 14, 2009--R.R. Donnelley & Sons Company (NYSE:RRD) announced today the pricing of its offering of $400 million of 11.25% Notes due February 1, 2019. RR Donnelley intends to use the net proceeds from the debt neutral transaction to pay down short-term debt.

Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. were the joint book-runners for the offering.

This release shall not constitute an offer to sell nor a solicitation of an offer to buy these securities in any jurisdiction in which such an offer or solicitation, or the sale of these securities, would be unlawful without registration or qualification under the securities laws of such jurisdiction.

About RR Donnelley
RR Donnelley (NYSE: RRD) is the world's premier full-service provider of print and related services, including business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions.

For more information, visit the company's web site at www.rrdonnelley.com.

Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.
 

RR Donnelley Investor Contact:
Dan Leib
Senior Vice President, Treasurer
312.326.7710
dan.leib@rrd.com
RR Donnelley Media Contact:
Doug Fitzgerald
Executive Vice President
Communications
630.322.6830
doug.fitzgerald@rrd.com

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