Fitch Downgrades RR Donnelley’s Rating; Outlook Remains Negative

As of June 30, 2012, the company held $369 million in cash ($338 million located outside of the U.S.) and had $325 million drawn under its credit facility. RRD’s next bond maturity is its $258 million 4.95-percent notes due in April 2014, $300 million 5.5% notes due in May 2015 and its $350 million 8.6-percent notes due in August 2016.