Acco Brands expects to launch $350 million bond deal this week via Citigroup

By Paul A. Harris

St. Louis, July 19 - Acco World Corp. is expected to launch a $350 million offering of senior subordinated notes during the present week, according to a market source who added that Citigroup will have the books for the Rule 144A deal.

The company is also obtaining a $750 million credit facility led by Citigroup.

Proceeds will be used to help fund Fortune Brands Inc.'s spin-off of Acco and the merger of Acco with General Binding Corp. to form a new entity called Acco Brands.

Acco is an office products company based in Lincolnshire, Ill.

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