Acco Brands-MeadWestvaco deal expected to generate $1.4 billion debt financing in early 2012

By Paul A. Harris

Portland, Ore., Dec. 7 - Acco Brands Corp. is expected to come to the leverage markets in early 2012 with $1.4 billion of debt financing to be executed in the high yield and bank loan markets, according to an informed source.

Barclays Capital Inc. will lead. Other banks are expected to be announced.

Part of the proceeds will be used to fund the $860 million acquisition of MeadWestvaco's office supplies business.

Acco Brands is a Lincolnshire, Ill.-based office supply manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.