R.R. Donnelley Eyes $2.3 Billion Debt Sale Tied to Vericast Deal.

J.P. Morgan Chase & Co.; DEBT; SALE of business enterprises; DEBT exchanges; INVESTORS

JPMorgan Chase & Co. is planning to launch a $2.3 billion debt sale to finance R.R. Donnelley & Sons Co.'s acquisition of Vericast's print and digital marketing business and restructure its debt. The debt offering will consist of an $800 million leveraged loan and a $1.5 billion bond. The sale of Vericast's business, known as Valassis, will involve debt forgiveness by Chatham Asset Management, Vericast's largest creditor and R.R. Donnelley's owner. Vericast has obtained approval from its existing debt holders for the sale after negotiations. [Extracted from the article]

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