LSC Announces Closing of Secondary Common Stock Offering and Exercise

CHICAGO — March 29, 2017 — LSC Communications has announced that RR Donnelley & Sons Company (“RRD”), a stockholder of the Company, has completed the sale of 6,242,802 shares of the common stock, par value $0.01 per share (the “Common Stock”), of the Company at a public offering price of $20.25 per share. The selling stockholder received all of the proceeds from the sale of these shares at the public offering price, less underwriting discounts and commissions.

In addition, the Company completed the sale of 936,420 shares of the Company’s Common Stock sold pursuant to the underwriters’ exercise in full of their option to purchase additional shares at the public offering price, less underwriting discounts and commissions, which amounted to approximately $18.2 million in net proceeds. The Company intends to use the net proceeds from the sale of these additional shares for general corporate purposes.

Citigroup, BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as the joint book-running managers and underwriters for the offering. Following the completion of the offering, RRD retained no shares of the Company’s Common Stock.

A registration statement relating to the Company’s Common Stock has been filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”).

Source: LSC.