Worthington Industries Inc. (WOR) 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.
For comments and feedback: editorial@rttnews.com