logo
  

Thor Industries Repaying $250 Mln Loan Amid Increased Confidence In Outlook

Recreational vehicles maker Thor Industries, Inc. (THO) announced Friday that it is repaying the $250 million strategically borrowed from its Asset Based Loan facility at the outset of the COVID-19 pandemic, out of an abundance of caution and given the lack of clarity on the duration or the severity of the pandemic. It is now being repaid based on increased confidence in its outlook.

Looking ahead, the company believes that the current environment will provide it the opportunity to introduce even more people to the life-long benefits the RV-life style offers. The third quarter results were certainly negatively impacted by COVID-19, it added.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
After Disney World, retail giant Walmart Inc. (WMT) makes it mandatory for all its employees to wear mask on their facilities in the "high-risk" states where the Delta variant of Coronavirus has become menacing. The orders will be in effect immediately. The Center for Disease Control and Prevention... Generac Power Systems is recalling 325,735 units of Generac and DR 6500 Watt and 8000 Watt portable generators for potential risk of finger amputation and crushing hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include 4,575 units sold in Canada. Omaha, Nebraska- based Greater Omaha Packing is recalling around 295,236 pounds of raw beef products citing the possible presence of E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The raw beef products intended for non-intact use were produced on July 13.
RELATED NEWS
Follow RTT