Avery Dennison Corp. (AVY) announced the pricing of an underwritten public offering of $250 million aggregate principal amount of 3.35% Senior Notes due 2023.
The company said that the Senior Notes were priced at 99.898% of their principal amount and the offering is expected to close on April 8, 2013.
Avery Dennison stated that it intends to use the net proceeds from the offering to repay existing indebtedness under its commercial paper program.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.