RRD - R.R. Donnelley & Sons amends senior secured asset-based revolving credit facility

R.R. Donnelley & Sons ([[RRD]] +6.8%) completed an amendment to the credit agreement for its senior secured asset-based revolving credit facility.The amendment extends the maturity date to Apr.16, 2026 and it provides up to $650M available credit, subject to borrowing base limitations.Applicable margin for base rate loans will range from 0.25% to 0.75% and the applicable margin for Eurocurrency loans will range from 1.25% to 1.75%."Our successful completion of the ABL Amendment, in addition to last week’s pricing of $400M of senior secured notes, demonstrates our sustained commitment to improving our financial flexibility in support of our strategic priorities," EVP & CFO Terry Peterson commented.

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R.R. Donnelley & Sons amends senior secured asset-based revolving credit facility