---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-170372"
form_type: "8-K"
ticker: "AVY"
cik: "0000008818"
company_name: "Avery Dennison Corp"
filed_at: "2024-06-27T23:59:59+00:00"
generated_at: "2026-06-01T01:17:40.138643+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Avery Dennison enters $1.2B revolving credit facility, maturing 2029

## Summary
- New $1.2B unsecured revolving credit facility dated June 26, 2024, replaces prior 2020 facility.
- Maturity date June 26, 2029; option to increase commitments by up to $600M.
- Interest margins: Term SOFR/Alternative Currency Loans from 0.795%-1.300% based on debt ratings.
- Financial covenant: max leverage ratio of 3.50:1 (4.00:1 for 4 quarters after acquisitions >$250M).
- Facility supports working capital and general corporate purposes; no new borrowings disclosed.

## SEC filing metadata
- accession: 0001193125-24-170372
- form_type: 8-K
- ticker: AVY
- cik: 0000008818
- company_name: Avery Dennison Corp
- filed_at: 2024-06-27T23:59:59+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/8818/000119312524170372/0001193125-24-170372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8818/000119312524170372/d844816d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-170372
- JSON: https://secwatch.observer/filing/0001193125-24-170372.json
- Plain text: https://secwatch.observer/filing/0001193125-24-170372.txt

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