Avery Dennison Corp (AVY): debt financing — Avery Dennison issues €500M 4.000% senior notes due 2035

Avery Dennison Corp

€500M aggregate principal of 4.000% senior notes due September 11, 2035, closed September 11, 2025.
Net proceeds of ~€493.5M to finance acquisitions and repay commercial paper.
Notes are unsecured, rank equally with existing unsecured debt; redeemable at make-whole prior to June 11, 2035.
Change-of-control triggering event requires offer to repurchase at 101% of principal plus accrued interest.
Interest payable annually on September 11, starting September 11, 2026.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Avery Dennison Corp incurred senior notes of €500,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 4.000% per year maturing September 11, 2035.

Instrument: senior notes
Principal: €500,000,000 aggregate principal amount
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 4.000% per year
Maturity: September 11, 2035
Event: incurrence

Exact text from the filing

On September 11, 2025, Avery Dennison Corporation, a Delaware corporation (the “Company”), closed its previously announced issuance of €500,000,000 aggregate principal amount of 4.000% senior notes due 2035 (the “Notes”).

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Source: SEC EDGAR

accession 0001193125-25-201336

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