---
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"
generated_at: "2026-06-18T02:40:33.816605+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Avery Dennison issues $400M 5.75% senior notes due 2033; proceeds to refinance debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-071285
- JSON: https://secwatch.observer/filing/0001193125-23-071285.json
- Plain text: https://secwatch.observer/filing/0001193125-23-071285.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $400,000,000
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Rate: 5.750% per year
  - Maturity: March 15, 2033
  - Event: incurrence
  source text: closed its previously announced issuance of $400,000,000 aggregate principal amount of 5.750% senior notes due 2033
  evidence_url: https://www.sec.gov/Archives/edgar/data/8818/000119312523071285/0001193125-23-071285-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Value: $400,000,000 aggregate principal amount of 5.750% senior notes due 2033
  - Effective: 2023-03-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/8818/000119312523071285/0001193125-23-071285-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.