updated 6/1/2011 12:46:28 PM ET 2011-06-01T16:46:28

CHICAGO, June 1, 2011 (GLOBE NEWSWIRE) -- R.R. Donnelley & Sons Company (Nasdaq:RRD) ("RR Donnelley" or the "Company") announced that it has closed an offering of $600 million aggregate principal amount of 7.25% Notes due 2018.

As previously announced, RR Donnelley intends to use the net proceeds from this offering (1) to fund tender offers for up to $500.0 million aggregate principal amount of its notes including a tender offer for any and all of its 11.25% Notes due February 1, 2019 and maximum tender offers for its 6.125% Notes due January 15, 2017 and 5.50% Notes due May 15, 2015 and (2) to pay premiums in connection with those tender offers. If there are any remaining proceeds, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility. Amounts repaid under RR Donnelley's revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness. The completion of such tender offers will be subject to customary closing conditions.

BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the joint book-running managers for the offering.

This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell securities. The tender offers are being made solely by means of the Offer to Purchase and the related Letter of Transmittal, which are being distributed to holders of notes by RR Donnelley. The tender offers are not being made in any jurisdiction in which such offer, solicitation or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction where the laws require a tender offer to be made by a licensed broker or dealer, the tender offers will be deemed to be made on behalf of RR Donnelley by the dealer managers, or one or more registered brokers or dealers under the laws of such jurisdiction.

About RR Donnelley

RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. Founded more than 146 years ago, the Company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance return on investment 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 products and services to leading clients in virtually every private and public sector.

For more information, and for RR Donnelley's Corporate Social Responsibility Report, 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.

CONTACT: RR Donnelley Investor Contact:
         Dave Gardella
         Senior Vice President
         Finance
         312-326-8155
         david.gardella@rrd.com
         
         RR Donnelley Media Contact:
         Doug Fitzgerald
         Executive Vice President
         Communications
         630-322-6830
         doug.fitzgerald@rrd.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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