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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