R.R. Donnelley Plans $750 Million Bond Sale for Debt Refinancing

Privately-held marketing and packaging firm R.R. Donnelley & Sons is seeking to sell $750 million of notes to refinance debt and pay dividends on preferred stock, according to a statement Monday.

The senior unsecured notes due 2031 will be payment-in-kind, meaning the company can elect to pay the coupon in cash or roll it into debt. Initial price talk is for an 11% coupon at 95 cents on the dollar, according to the statement. An investor call is scheduled at 11a.m. Monday.

The company plans to use the proceeds to repay a $100 million term loan, pay dividends on ...