ACCO Brands repurchases $48.9 million of 7 5/8% and 10 5/8% notes

By Tali David

Minneapolis, Sept. 26 - ACCO Brands Corp. said that it has bought back $14 million principal amount of its 7 5/8% senior subordinated notes and $34.9 million principal amount of its 10 5/8% senior secured notes since June 30.

The repurchases were made in the market at individually negotiated prices and in response to unsolicited offers to sell from bondholders or their agents, the company said in an 8-K filing with the Securities and Exchange Commission.

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

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