ACCO Brands plans repurchase of $30 million of subordinated notes

By Jennifer Chiou

New York, Sept. 30 - ACCO Brands Corp. announced that it intends to use the net proceeds from the sale of $460 million of its 10 5/8% senior secured notes due 2015 to buy back $30 million of its senior subordinated notes due 2015.

Remaining proceeds will be used to further refinance existing debt, including the repayment of all borrowings outstanding under the company's former credit and securitization facilities.

The Lincolnshire, Ill.-based company is a provider of traditional and computer-related office products and supplies.

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