R.R. Donnelley hikes debt sale to $400 mil

R.R. Donnelley & Sons Co., North America's largest printer, boosted the size of its planned debt sale to $400 million, according to a person familiar with the offering.

The 10-year notes may pay an 11.25 percent yield and price as soon as today, said the person, who declined to be identified because terms aren't set. The Chicago-based company previously marketed $300 million of the notes.

The debt is rated Baa2 by Moody's Investors Service, the second-lowest level of investment quality, and one step higher at BBB+ by Standard & Poor's, the person said.

R.R. Donnelley hired Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. to manage the deal, the person said.