December 9, 2009 (FinancialWire) — Acuity Brands, Inc. (NYSE: AYI) said that its wholly-owned operating subsidiary Acuity Brands Lighting, Inc., has completed an offering of $350 million aggregate principal amount of its senior unsecured notes due 2019 in a private offering.

The notes have an interest rate of 6.00% per annum and were issued at a price equal to 99.797% of their face value.

Acuity estimates that the net proceeds from the offering were approximately $346.3 million after deducting discounts and estimated offering expenses. The net proceeds from the offering of notes will be used to pay for a concurrent cash tender offer for any and all of the outstanding 8.375% notes due 2010, as to which the company and ABL are co-obligors, and to repay an unsecured promissory note issued to the former sole stockholder of Sensor Switch, Inc. in connection with ABL’s acquisition of Sensor Switch, Inc., with the remainder to be used for general corporate purposes.

Acuity Brands, the parent company of Acuity Brands Lighting, and other subsidiaries, is a provider of lighting fixtures and related products.

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