By Lisa Kerner
Charlotte, N.C., March 23 – Drew Industries, Inc. issued $50 million of 3.35% senior notes, series A, due 2020 to Prudential Investment Management, Inc. on Friday, according to an 8-K filing with the Securities and Exchange Commission.
Proceeds will be used for dividends, acquisitions and general corporate purposes.
Interest is paid quarterly in arrears on March 20, June 20, Sept. 20 and Dec. 20 of each year.
The notes were issued under Drew’s amended and extended $150 million shelf-loan facility.
Drew Industries is an Elkhart, Ind.-based supplier of recreational vehicle and manufactured home components.
| Issuer: | Drew Industries, Inc.
|
| Issue: | Series A senior notes
|
| Amount: | $50 million
|
| Coupon: | 3.35%
|
| Maturity: | March 20, 2020
|
| Settlement: | March 20
|
| Purchaser: | Prudential Investment Management, Inc.
|
| Distribution: | Private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
