Acuity to prepay borrowings under senior unsecured term loan

By Taylor Fox

New York, Oct. 27 – Acuity Brands, Inc. plans to prepay all of the outstanding borrowings under wholly owned subsidiary Acuity Brands Lighting, Inc.’s senior unsecured term loan using proceeds from the subsidiary’s newly launched senior note offering, according to a news release.

Any remaining proceeds will be used for general corporate purposes.

Acuity is an Atlanta-based lighting fixtures company.

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