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Stock impact report

Oshkosh Corporation Announces Pricing of $300 Million of Senior Notes

Oshkosh Corporation (Holding Company)Common Stock (OSK) 
Last oshkosh corporation (holding company)common stock earnings: 4/29 06:50 am Check Earnings Report
Company Research Source: Business Wire
OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of mission-critical vehicles and equipment, today announced that it priced $300 million aggregate principal amount of senior notes due 2030 in a registered public offering. The senior notes due 2030 were priced at 99.624% of the principal amount with an interest rate of 3.100%. The Company expects the offering to close on February 26, 2020, subject to the satisfaction of customary closing conditions.The Company expects to receive approximately $295.9 million in net proceeds from the sale of the notes, after deducting the underwriting discount and estimated expenses of the offering payable by the Company. The Company intends to use the net proceeds from the sale of the notes to redeem all of the Company’s outstanding $250 million aggregate principal amount of 5.375% senior notes due 2025 (the “2025 notes”), which are scheduled to be redeemed on March 12, 2020, and to pay the related redemption prem Show less Read more
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