The deal was in two 273m tranches due in May 2010 and 2015. It covers the 541m the firm agreed to pay for Astron, including the repayment debt of the group.
Credit rater Moody's lowered RR Donnelley's rating, citing its plan to boost its debt to fund the deal.
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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration.
We are all still left unable to claim the redundancy and notice pay owed..."
"Totally agree"
"Best wishes to everyone involved. Nice to have a good story to read in Printweek."
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