ESAB Corporation Announces Upsizing and Pricing of its 6.25% Senior Notes due 2029
ESAB Corporation (ESAB)
Company Research
Source: Business Wire
NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today the pricing of its previously announced offering of $700 million aggregate principal amount of 6.25% Senior Notes due 2029 (the “Notes”). The aggregate principal amount of Notes to be issued in the offering was increased to $700 million from the previously announced amount of $600 million. ESAB intends to use the net proceeds from the sale of the Notes to repay the outstanding borrowings under its senior term loan A-3 facility, with the remainder to be used for general corporate purposes. The Notes will be guaranteed (the “Guarantees”) by certain of ESAB’s domestic subsidiaries. The offering is expected to close on April 9, 2024, subject to customary closing conditions.The Notes and the related Guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securitie
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ESAB
Earnings
- 2/29/24 - Beat
ESAB
Sec Filings
- 4/9/24 - Form 8-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- ESAB's page on the SEC website