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ACCO Brands to pay down some revolver borrowings with notes proceeds
By Sara Rosenberg
New York, March 1 – ACCO Brands Corp. plans to repay a portion of its revolving credit facility borrowings with proceeds from a $575 million senior notes offering, according to a market source.
The new notes, which were downsized from $650 million, will also be used to refinance 5¼% notes due 2024.
ACCO Brands is a Lake Zurich, Ill.-based office supply manufacturer.
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