SOURCE: Bowne & Co., Inc.

Bowne & Co., Inc.

August 07, 2009 08:38 ET

Bowne & Co., Inc. Announces Pricing of Its Common Stock Offering

NEW YORK, NY--(Marketwire - August 7, 2009) - 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.

Contact Information

  • 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