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Shares of R.R. Donnelley & Sons (NYSE: RRD) climbed as much as 10% higher on Monday after the marketing company reworked its credit facilities. Managing debt had been a real challenge for Donnelley in recent years, and this is a big step toward getting its house in order.
R.R. Donnelley is a 157-year-old printing company in the process of modernizing. As business has moved online, Donnelley has pushed to extend its focus beyond paper, now offering a range of multichannel business communications services and marketing products.