RR Donnelley Prices $1.25 Billion Debt Offering; Proceeds to Fund the Announced Acquisition of Banta Corporation

CHICAGO, Jan. 4  /PRNewswire-FirstCall/ -- R.R. Donnelley & Sons Company (NYSE:RRD) announced today the pricing of its offering of $1.25 billion of senior notes. The offering is in two tranches -- $625 million of 5.625% Notes due January 15, 2012 and $625 million of 6.125% Notes due January 15, 2017. RR Donnelley intends to use the net proceeds from the offering to pay a portion of the purchase price of its announced acquisition of Banta Corporation, including the repayment of debt of Banta Corporation. RR Donnelley's acquisition of Banta Corporation is expected to close in January 2007 and is subject to customary closing conditions, including shareholder approval.

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

This release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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 http://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. 

DATASOURCE: R.R. Donnelley & Sons Company



CONTACT:  Media: Doug Fitzgerald, Senior Vice President Marketing &

Communications, [phone], , or Investors: Dan

Leib, Senior Vice President - Finance, [phone], , both

of R.R. Donnelley & Sons Company 



Web site:  http://www.rrdonnelley.com/ 

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