Financing ·
Avery Dennison Corporation closed the issuance of €500 million in 4.000% senior notes due 2035, generating…
AVYAvery Dennison Corp
Avery Dennison Corporation closed the issuance of €500 million in 4.000% senior notes due 2035, generating approximately €493.5 million in net proceeds. The company intends to use the capital for general corporate purposes, specifically to fund future acquisitions and repay existing commercial paper debt. This move provides the company with additional long-term liquidity to support strategic growth and manage its short-term liabilities.