Avery Dennison issues €500M 3.750% senior notes due 2034 to refinance 2025 notes

Avery Dennison Corp

Closed €500M aggregate principal of 3.750% senior notes due Nov 4, 2034.
Net proceeds approx. €495M after underwriting discounts and expenses.
Proceeds to fully repay €500M of 1.250% senior notes maturing March 3, 2025 and for general corporate purposes.
Notes are unsecured, unsubordinated, rank equally with existing unsecured debt.
Underwriters include Merrill Lynch International, Mizuho International plc, and SMBC Bank International plc.

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