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Stock impact report

ESAB Corp. (ESAB) Apeears Well-Positioned Following Recent Senior Notes Offering [Yahoo! Finance]

ESAB Corporation (ESAB) 
Company Research Source: Yahoo! Finance
On March 12, ESAB Corporation (NYSE:ESAB) announced that it has priced an offering of $1 billion aggregate principal amount of 5.625% senior notes due 2031. According to the industrial company, a portion of the purchase consideration for Eddyfi Holding and the related companies will be funded by the net proceeds. Christian Lagerek/Shutterstock.com The transaction is expected to close on March 26, subject to customary conditions, and some of the current and future domestic restricted subsidiaries of ESAB will provide the guarantee for the notes. On February 23, JPMorgan increased the firm's price target on ESAB Corp. (NYSE:ESAB) from $130 to $153. The firm maintained an Overweight rating on the stock, which yields an adjusted upside potential of more than 69% following the target revision. The move comes on the back of updated estimates after the company's fourth quarter report. It reflected a more positive view of the company's performance going forward. ESAB Corp. (NYSE:ES Show less Read more
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