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Avery Dennison prices $250 million Senior Notes offering

Friday, April 09, 2010

Press release from the issuing company

Pasadena, Calif. - Avery Dennison Corporation announced today that it has priced an underwritten public offering of $250,000,000 aggregate principal amount of 5.375% Senior Notes due 2020. The Senior Notes were priced at 99.931% of their face amount. The offering is expected to close on April 13, 2010, subject to market conditions and other factors.

Avery Dennison intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under the term loan credit facility of one of its wholly owned subsidiaries. The joint book-running managers for this offering are Banc of America Securities LLC and J.P. Morgan Securities Inc. with Barclays Capital Inc. and Wells Fargo Securities, LLC as co-managers.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Avery Dennison has filed a registration statement with the SEC relating to the offering.




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