Acco to start roadshow Wednesday for $350 million 10-year notes

By Paul A. Harris

St. Louis, July 25 - Acco World Corp. will start a roadshow Wednesday for its $350 million offering of 10-year senior subordinated notes (B2/B), according to an informed source.

The roadshow wraps up on Aug. 2, with pricing expected thereafter.

Citigroup and Goldman Sachs & Co. are joint bookrunners for the Rule 144A/Regulation S offering.

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

Proceeds will be used to finance the repayment of special dividend notes issued to the company's stockholders and to repay the existing debt of General Binding Corp. and Acco related to Fortune Brands Inc.'s spinoff of Acco and the merger of Acco with General Binding Corp. to form a new entity called Acco Brands.

Acco is a Lincolnshire, Ill.-based supplier of branded office products.

© 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.