Acuity brands prices $500 million of senior notes

Atlanta, oct. 27, 2020 (globe newswire) -- acuity brands, inc. (nyse: ayi) (the “company”) announced today that its wholly-owned operating subsidiary, acuity brands lighting, inc. (“abl”), has priced its previously announced offering of senior unsecured notes in an aggregate principal amount of $500 million.  the notes will mature on december 15, 2030 and bear interest at a rate of 2.150% per annum and will be issued at a price equal to 99.737% of their face value. the notes will be fully and unconditionally guaranteed by the company and abl ip holding llc (“abl ip holding”), a wholly-owned subsidiary of abl. the offering is expected to settle on november 10, 2020.
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