Acco Brands

At December 31, 2025 the company had $840.9 million of total debt and $64.4 million of cash (net debt ~ $776.5 million).

Interest expense, net, was $36.4 million in 2025. As of March 31, 2026, liquidity comprised $118.9 million of cash and $252.3 million of revolver availability; secured debt carried a weighted average rate of 4.94 percent and the $575 million notes are fixed at 4.25 percent due March 2029. Covenant flexibility improved in July 2025, but the leverage covenant sits at 4.75x for 1H26, indicating limited cushion if end markets weaken.

Overall, maturities are well termed, but leverage remains elevated and interest costs are material.