Avery Dennison Corp (AVY)

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Avery Dennison Corp (AVY)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	AVY	Avery Dennison Corp	€500		1	USOA	Oct 30, 2024

Tranche #1Avery Dennison Corp

currency

EUR

size (m)

500.000

maturity

Nov 4, 2034

type

Fixed

tenor

10.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+160-165

ipt-pxd

guidance

MS+135 a

spread

135

coupon

3.75%

spread set

price

99.67200

yield

3.79%

book size (m)

1,200

peak book (m)

x-covered

2.4

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,200

peak book (m)

x-covered

2.4

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 1200; Registration: SEC Registered; Comments: EUR500m WNG 10yr bmk snr unsec SEC regd. Baa2/BBB. BofA(log)/Miz(B&D)/SMBCNikko. IPTs MS+160/+165, guidance MS+135 area, launch MS+135. Final books 1.2bn+ (peak 1.5bn+). DBR 2.6% 08/34 B+141.2 (101.904/2.378%/ HR: 94%). Tax Call: Yes. Par Call: 3m. MWC: B+25bp. CoC: 101%;

Use of Proceeds

Repay indebtedness and general corporate purposes

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