Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 150

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 150
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 fee rate was 0.35 percent.

The Senior Unsecured Notes have a fixed interest rate and, accordingly, are not exposed to market risk resulting from changes in interest rates. However, the fair market value of our long-term fixed interest rate debt is subject to interest rate risk. 

40

Generally, the fair market value of fixed interest rate debt will increase as interest rates fall and decrease as interest rates rise. In addition, fair market values will also reflect the credit markets' view of credit risk spreads and our risk profile. These interest rate changes may affect the fair market value of our fixed interest rate debt and any decisions we may make to repurchase the Senior Unsecured Notes, but do not impact our earnings or cash flow.

The following table summarizes information about our major debt components as of December 31, 2024, including the principal cash payments and interest rates.

Debt Obligations

    Stated Maturity Date

    (in millions)

    2025

    2026

    2027

    2028

    2029

    Thereafter

    Total

    Fair Value

    Long term debt:

    Fixed rate Senior Unsecured Notes, due March 2029
     
    $
    —

    $
    —

    $
    —

    $
    —

    $
    575.0

    $
    —

    $
    575.0

    $
    524.7

    Fixed interest rate

    4.25
     %

    Euro Senior Secured Term Loan A, due October 2029
     
    $
    6.4

    $
    6.4

    $
    9.6

    $
    9.6

    $
    95.9

    $
    —

    $
    127.9

    $
    127.9

    Euro Dollar Senior Secured Revolving Credit Facility, due October 2029
     
    $
    —

    $
    —

    $
    —

    $
    —

    $
    59.1

    $
    —

    $
    59.1

    $
    59.1

    U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029
     
    $
    34.4

    $
    —

    $
    —

    $
    —

    $
    —

    $
    —

    $
    34.4

    $
    34