Worthington Industries Inc. (WOR: Quote) announced that it has issued $150 million of 12-year unsecured Senior Notes due 2024 through a private placement with Prudential Capital Group. The notes will bear interest at a fixed rate of 4.60%.
The company said it intends to use the net proceeds from the notes to repay a portion of the outstanding borrowings under its revolving credit facility and amounts outstanding under its revolving trade accounts receivable securitization facility.
Click here to receive FREE breaking news email alerts for Worthington Industries Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com