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Prospect News home > News index > List of issuers A > Headlines for ACCO Brands Corp. > News item
Published on 3/1/2021 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch rates ACCO notes BB

Fitch Ratings said it assigned BB/RR4 ratings to ACCO Brands Corp.’s proposed $650 million of senior unsecured notes. The notes will be issued by ACCO and will rank equally with all of its senior indebtedness.

Proceeds will be used to refinance ACCO’s $375 million of 5¼% unsecured notes due 2024 and repay a portion of the drawings under its revolving credit facility as well as pay related fees and expenses.

Fitch affirmed ACCO’s BB issuer rating in November.

The outlook remains stable.


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