{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-071285","form_type":"8-K","ticker":"AVY","cik":"0000008818","company_name":"Avery Dennison Corp","filed_at":"2023-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.371063+00:00","generated_at":"2026-06-18T02:40:33.816605+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Avery Dennison issues $400M 5.75% senior notes due 2033; proceeds to refinance debt","bullets":["Issued $400M of 5.750% senior notes due March 15, 2033; net proceeds ~$394.8M.","Proceeds to repay commercial paper, $250M 3.350% notes due April 2023, and general corporate purposes.","Notes are unsecured, unsubordinated, rank equally with other unsecured debt.","Redeemable at any time at make-whole price; after Dec 15, 2023, at 100% plus accrued interest.","Change of control triggers offer to repurchase at 101% of principal."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-071285","json":"https://secwatch.observer/filing/0001193125-23-071285.json","markdown":"https://secwatch.observer/filing/0001193125-23-071285.md","text":"https://secwatch.observer/filing/0001193125-23-071285.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8818/000119312523071285/0001193125-23-071285-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8818/000119312523071285/d476188d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T02:40:33.816605+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4a068428a194e670c279583333a3ec78e0099f8d","claim":"Avery Dennison Corp incurred senior notes of $400,000,000 with The Bank of New York Mellon Trust Company, N.A. at 5.750% per year maturing March 15, 2033.","evidence_excerpt":"closed its previously announced issuance of $400,000,000 aggregate principal amount of 5.750% senior notes due 2033","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8818/000119312523071285/0001193125-23-071285-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400,000,000"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Rate","value":"5.750% per year"},{"label":"Maturity","value":"March 15, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3aa921b936b4a64b534241cbdceb89cde6134029","claim":"Avery Dennison Corp entered into 5.750% Senior Notes due 2033 Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $400,000,000 aggregate principal amount of 5.750% senior notes due 2033 (effective 2023-03-15).","evidence_excerpt":"On March 15, 2023, Avery Dennison Corporation, a Delaware corporation (the “Company”), closed its previously announced issuance of $400,000,000 aggregate principal amount of 5.750% senior notes due 2033 (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8818/000119312523071285/0001193125-23-071285-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Value","value":"$400,000,000 aggregate principal amount of 5.750% senior notes due 2033"},{"label":"Effective","value":"2023-03-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}