Item 1.01. Entry into a Material Definitive Agreement

On March 15, 2021, in connection with the closing of the previously announced private offer and sale by ACCO Brands Corporation (the "Company") of $575 million in aggregate principal amount of its 4.25% senior notes due 2024 (the "Notes"), the Company entered into an indenture, dated as of March 15, 2021 (the "Indenture"), among the Company, as issuer, the guarantors named therein (the "Guarantors") and Wells Fargo Bank, National Association, as trustee, under which the Notes were issued.

Pursuant to the Indenture, the Company will pay interest on the Notes semiannually on March 15 and September 15 of each year, beginning on September 15, 2021, at a rate of 4.25% per year. On or after March 15, 2024, the Company may redeem all or a part of the Notes at the redemption prices set forth in the Indenture, plus accrued and unpaid interest and additional interest, if any, to, but not including, the applicable redemption date. Prior to March 15, 2024, the Company may redeem all or a part of the Notes at a redemption price equal to 100% of the principal amount thereof plus a "make-whole" premium. In addition, prior to March 15, 2024, the Company may redeem up to 40% of the aggregate principal amount of the Notes with the net cash proceeds from certain equity offerings at the redemption price described in the Indenture, plus any accrued and unpaid interest.

The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by each of the Company's existing and future U.S. subsidiaries, other than certain excluded subsidiaries.

The Indenture contains covenants that limit the ability of the Company and its restricted subsidiaries' ability to, among other things: (i) incur additional indebtedness or issue disqualified stock or, in the case of the Company's restricted subsidiaries, preferred stock; (ii) create liens; (iii) pay dividends, make certain investments or make other restricted payments; (iv) sell certain assets or merge with or into other companies; (v) enter into transactions with affiliates; and (vi) allow limitations on any restricted subsidiary's ability to pay dividends, loans, or assets to the Company or other restricted subsidiaries. These covenants are subject to a number of important limitations and exceptions. The Indenture also provides for events of default, which, if any of them occurs, would permit or require the principal, premium, if any, and accrued but unpaid interest on all the then outstanding Notes to be immediately due and payable.

Proceeds from the offering of the Notes were applied toward the payment of the aggregate redemption price for the Company's $375 million aggregate principal amount of 5.25% senior notes due 2024 (the "2024 Notes") as further described in Item 1.02 below, the repayment of approximately $178 million of the Company's outstanding borrowings under its secured revolving credit facility and to pay fees and expenses related to the offering of the Notes.

The foregoing summary of the Indenture does not purport to be complete and is qualified in its entirety by reference to the Indenture, which is attached as Exhibit 4.1 hereto and incorporated by reference herein.

Item 1.02. Termination of a Material Definitive Agreement

On March 15, 2021, the Company determined that all conditions precedent to the Company's redemption (the "Redemption") of its 2024 Notes pursuant to its Conditional Notice of Full Redemption issued on March 1, 2021 had been satisfied. Accordingly, the 2024 Notes will be redeemed on March 31, 2021 at an aggregate redemption price of $390,640,625, consisting of 102.625% of the principal due and payable on the 2024 Notes plus accrued and unpaid interest to but excluding the March 31, 2021 redemption date. In addition, in connection with the Redemption, effective March 15, 2021, the Company satisfied and discharged all its obligations under the indenture with respect to the 2024 Notes.





                                       2

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an


            Off-Balance Sheet Arrangement of a Registrant

The information provided under Item 1.01 above with respect to the issuance of the Notes is incorporated by reference into this Item 2.03.

Item 9.01 - Financial Statements and Exhibits





 (d) Exhibits




   4.1     Indenture dated as of March 15, 2021, among the Company, as issuer, the
         guarantors named therein and Wells Fargo Bank, National Association, as
         trustee.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)






                                       3

© Edgar Online, source Glimpses