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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.