Acco Brands Taps Vedder Price For $425M Offering

Law360, New York (September 14, 2009, 4:34 PM EDT) -- Office supply maker Acco Brands Corp. plans to conduct a private offering of $425 million of senior secured notes due 2015 to pay off its current credit and securitization facilities, the company said Monday.

The notes will be offered to institutional investors for a sale that Acco said it expected to complete by the end of September.

Along with the sale of the notes, Acco intends to enter into a new asset-based multicurrency credit facility, the company said.

Acco plans to repay and terminate its current...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.