Log In | Become a Member | Contact Us


Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured:     M&A Trends     Production Inkjet     Installations and Placements Tracker

Avery Dennison Prices $500 Million Senior Notes Offering

Friday, November 30, 2018

Press release from the issuing company

Glendale, Calif. – Avery Dennison Corporation announced today that it has priced an underwritten public offering of $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2028. The Senior Notes were priced at 99.500% of their principal amount. The offering is expected to close on December 6, 2018, subject to customary closing conditions.

The company intends to use the net proceeds from the offering to repay existing indebtedness under its commercial paper program.

The joint book-running managers for the offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and Citigroup Global Markets Inc., with Mizuho Securities USA LLC, Standard Chartered Bank, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC as co-managers.

The offering is being made pursuant to an effective registration statement (containing a prospectus) that has been filed with the SEC. A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. A copy of the preliminary prospectus supplement and accompanying prospectus may also be obtained by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at (800) 294-1322, J.P. Morgan Securities LLC collect at (212) 834-4533 or HSBC Securities (USA) Inc. toll free at (866) 811-8049.

This press release 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.

 

Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free

 

SHARE

Email Icon Email

Print Icon Print


Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2018 WhatTheyThink. All Rights Reserved