|Print Page | RSS Feeds | Receive Materials by Email | Financial Tear Sheet|
|View printer-friendly version|
|ACCO Brands Corporation Announces Pricing of $460 Million Senior Secured Notes Due 2015|
Offering upsized from
The notes will be offered and sold to qualified institutional buyers in
Also as previously announced, and concurrently with the expected sale of the notes, the company anticipates entering into a new asset-based multi-currency secured credit facility. The new credit facility will replace the company’s existing senior secured credit facility, which will be terminated in connection with the repayment of all borrowings outstanding thereunder out of the net proceeds from the offering of the notes and a concurrent draw from the new credit facility.
The sale of the notes is expected to be consummated on September 30, 2009, subject to market and other conditions.
The notes have not been registered under the Securities Act of 1933 or
any state securities laws and may not be offered or sold within
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.
This press release contains statements which may constitute ‘forward-looking’ statements as that term is defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements relate to our expectations concerning
the notes offering and a new secured credit facility, including without
limitation the application of the proceeds from these transactions. As
such, they are subject to certain risks and uncertainties and speak only
as of the time when made, and we assume no obligation to update them.
Our ability to predict results or the actual effect of future plans or
strategies is inherently uncertain and actual results may differ from
those predicted depending on a variety of factors, including but not
limited to market conditions for corporate debt generally and for the
company’s debt in particular, and our ability to successfully complete
the notes offering and enter into a new credit facility. Our ability to
successfully complete the notes offering and enter into a new credit
facility, as well as our business generally, is subject to other risks
and uncertainties as described in the our public reports filed with the
ACCO Brands Corporation