ACCO Brands Corp. (ABD) said that it has priced an offering of $460 million of 10.625% senior secured notes due 2015 at an issue price of 98.5% of the aggregate principal amount of the notes. The aggregate principal amount of notes offered was upsized from $425 million to $460 million.
The company said that it will use the net proceeds of the notes, together with a borrowing under an anticipated new credit facility, to refinance existing indebtedness, including repayment of all borrowings outstanding under the company's existing credit and securitization facilities, and to pay transaction and related costs.
The sale of the notes is expected to be consummated on September 30, subject to market and other conditions.
For comments and feedback contact: editorial@rttnews.com
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.