secwatch.observer — SEC 8-K summary
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Issuer:     Avery Dennison Corp (AVY)
CIK:        0000008818
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001193125-23-071285
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8818/000119312523071285/0001193125-23-071285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8818/000119312523071285/d476188d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-071285

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