- Avery Dennison Corp AVY has priced an underwritten public offering of $300 million of 0.850% Senior Notes due 2024 and $500 million of 2.250% Senior Notes due 2032.
- The Notes due 2024 were priced at 99.991%, and Notes due 2032 were priced at 99.592% of their principal amounts.
- The company will use the net proceeds to finance a portion of the previously-announced acquisition of Vestcom or for other general corporate purposes.
- The offering is expected to close on August 18, 2021.
- Price Action: AVY shares are trading higher by 0.27% at $217.59 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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