RR Donnelley & Sons Co.priced a junk bond Wednesday at the market’s highest yield of 2026, as the debt-refinancing deal was the latest lower-rated offering to boost its size amid strong investor demand.
The marketing-and-packaging firm sold a $900 million five-year note — up from an originally planned $750 million — at a yield of 12.367% and a price of 95 cents on the dollar, according to a person familiar with the matter who asked not to be identified. The issue price was the lowest for a US high-yield deal since July, according to data compiled by Bloomberg. ...
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