ACCO Brands to price $400 million eight-year notes on Thursday

By Paul A. Harris

Portland, Ore., Dec. 8 – ACCO Brands Corp. plans to price a $400 million offering of eight-year senior notes (expected ratings B1/BB-) on Thursday trailing a late-morning conference call with investors, according to a market source.

Barclays is the lead left bookrunner. BMO Securities, BofA Merrill Lynch and Wells Fargo Securities LLC are the joint bookrunners.

KeyBanc Capital Markets, BBVA Securities Inc. and PNC Capital Markets LLC are the lead managers.

Barrington, SunTrust Robinson Humphrey Inc. and Sidoti are the co-managers.

The Rule 144A and Regulation S for life notes become callable after three years at par plus 75% of the coupon and feature a 101% poison put.

The Lake Zurich, Ill.-based office products manufacturer plans to use the proceeds to refinance its 6¾% senior notes due 2020.

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