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ACCO Brands lifts revolving commitments to $500 million via BofA
By Susanna Moon
Chicago, July 31 – ACCO Brands Corp. increased its revolving credit commitments by $100 million to $500 million under the amended multi-currency facility with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.
Effective July 26, the company also made some technical amendments to the credit agreement, including adding provisions for Libor successor rate procedures if Libor becomes unascertainable or is discontinued and to expressly permit certain intercompany asset transfers.
The company may draw up to $137.7 million under the revolver.
ACCO Brands is a Lake Zurich, Ill.-based office supply manufacturer.
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