ACCO Brands Files 8-K on Material Agreement

TL;DR

ACCO Brands signed a material definitive agreement, filing an 8-K on Oct 30, 2024.

AI Summary

On October 30, 2024, ACCO Brands Corporation filed an 8-K report detailing a material definitive agreement. The filing also covers results of operations and financial condition, along with financial statements and exhibits. The company is incorporated in Delaware and headquartered in Lake Zurich, Illinois.

Why It Matters

This filing indicates a significant new agreement for ACCO Brands, which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.

Key Numbers

• 2024-10-30 — Filing Date (Date of the 8-K filing)

Key Players & Entities

• ACCO Brands Corporation (company) — Registrant
• October 30, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Lake Zurich, Illinois (location) — Principal Executive Office
• 001-08454 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share ACCO NYSE Indicate by c
• $72.8 million — nding USD Senior Secured Term Loan A of $72.8 million as well as the Australian Dollar Senior
• $44.4 million — n Dollar Senior Secured Term Loan A of A$44.4 million (US$29.2 million based on October 30, 2
• $29.2 million — ecured Term Loan A of A$44.4 million (US$29.2 million based on October 30, 2024 exchange rate
• $66.4 million — lving facility; repay 61.2 million (US$66.4 million based on October 30, 2024 exchange rate
• $199.8 million — Secured Term Loan A of 184.1 million (US$199.8 million based on October 30, 2024 exchange rate
• $467.5 million — or outstanding borrowings not to exceed $467.5 million. The foregoing summary of the Seventh

Filing Documents

• acco-20241030.htm (8-K) — 61KB
• acco-ex10_1.htm (EX-10.1) — 2890KB
• acco-ex99_1.htm (EX-99.1) — 1038KB
• img36116631_0.jpg (GRAPHIC) — 38KB
• 0000950170-24-119565.txt ( ) — 4544KB
• acco-20241030.xsd (EX-101.SCH) — 25KB
• acco-20241030_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement Effective October 30, 2024, ACCO Brands Corporation (the "Company") entered into a Seventh Amendment (the "Seventh Amendment") to its Third Amended and Restated Credit Agreement, as amended (the "Credit Agreement"), among the Company, certain subsidiaries of the Company, Bank of America, N.A., as administrative agent, and the other lenders party thereto. Pursuant to the Seventh Amendment, the Credit Agreement was amended to, among other things: repay in full the outstanding USD Senior Secured Term Loan A of $72.8 million as well as the Australian Dollar Senior Secured Term Loan A of A$44.4 million (US$29.2 million based on October 30, 2024 exchange rates) with borrowings under the multi-currency revolving facility; repay 61.2 million (US$66.4 million based on October 30, 2024 exchange rates) out of the total outstanding Euro Senior Secured Term Loan A of 184.1 million (US$199.8 million based on October 30, 2024 exchange rates) with borrowings under the multi-currency revolving facility; and extend the Credit Agreement's maturity date to the earlier of (i) the date that is one hundred eighty (180) days prior to the maturity of the of the Company's 4.25% senior notes due March 15, 2029 (the "Notes") and (ii) October 30, 2029, the fifth anniversary of the date of the closing of the Seventh Amendment, if the maturity date of the Notes is extended beyond the fifth anniversary of the date of the closing of the Seventh Amendment in connection with a permitted refinancing of the Notes. No changes were made to the financial covenants and the pricing was updated as follows: Level Consolidated Leverage Ratio SOFR Spread Undrawn Fee I > 4.25x 225 bps 37.5 bps II > 3.50x 200 bps 35.0 bps III > 2.50x 175 bps 30.0 bps IV 2.50x 150 bps 25.0 bps After giving effect to the Seventh Amendment, the current multi-currency revolving facility provides for outstanding borrowings not to

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On October 31, 2024, ACCO Brands Corporation (the "Company") announced its results for the period ended September 30, 2024. Attached as Exhibit 99.1 is a copy of the press release relating to the Company's results, which is incorporated herein by reference. The information included or incorporated by reference in this Current Report on Form 8-K under this Item 2.02 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. Section 9 - Financial Statements and Exhibits

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 10.1 Seventh Amendment to Third Amended and Restated Credit Agreement, dated October 30, 2024, among the Company, certain subsidiaries of the Company, Bank of America, N.A., as administrative agent, and the other lenders party thereto. 99.1 Press release of the Company announcing results for the period ended September 30, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACCO Brands Corporation (Registrant) Date: October 31, 2024 By: /s/ Deborah A. O'Connor Name: Deborah A. O'Connor Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR