NEW YORK, NY -- (Marketwire) -- 08/07/09 -- Bowne & Co., Inc. (NYSE: BNE), a global leader
in shareholder and marketing communications services, today announced the
pricing of an underwritten public offering of 10.5 million shares of its
common stock, at an offering price of $5.96 per share. The Company has
granted the underwriter a 30-day option to purchase up to 1.575 million
additional shares. Goldman, Sachs & Co. is serving as the sole underwriter
for the offering. The offering is expected to close on August 12, 2009,
subject to customary closing conditions.
The Company intends to use the net proceeds from the offering to repay its
term loans in their entirety and expects to use any remaining proceeds to
repay borrowings under its revolving credit facility.
The shares will be issued pursuant to an effective shelf registration
statement that was previously filed with the Securities and Exchange
Commission. A prospectus supplement related to the offering has been filed
with the Securities and Exchange Commission and is available on the SEC's
website, http://www.sec.gov. Copies of the prospectus supplement and
accompanying base prospectus related to this offering may be obtained from
Goldman, Sachs & Co. via telephone: (866) 471-2526; facsimile: (212)
902-9316; email: prospectus-ny@ny.email.gs.com; or standard mail at
Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY
10004.
This news release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of any such state or other jurisdiction.
About Bowne & Co., Inc.
Bowne & Co., Inc. (NYSE: BNE) provides shareholder and marketing
communications services around the world. Dealmakers rely on Bowne to
handle critical transactional communications with speed and accuracy.
Compliance professionals turn to Bowne to prepare and file regulatory and
shareholder communications online and in print. Investment managers and
third party fund administrators count on Bowne's integrated solutions to
streamline their document processes and produce high quality communications
for their shareholders. Marketers look to Bowne to create and distribute
customized, one-to-one communications on demand. With 2,800 employees in 50
offices around the globe, Bowne has met the ever-changing demands of its
clients for more than 230 years.
Investor Relations Contact:
Bryan Berndt
Treasurer
(212) 658-5817
bryan.berndt@bowne.com
Media Contact:
Pamela Blum
Director of Corporate Communications
(212) 658-5884
pamela.blum@bowne.com
Bowne & Co., Inc.
55 Water Street
New York, NY 10041
(212) 924-5500
Fax: (212) 658-5871