Steelcase to redeem $250 million 6.375% notes via new note offering

By Sarah Lizee

Olympia, Wash., Jan. 16 – Steelcase Inc. plans to redeem its $250 million 6.375% senior notes due 2021 using proceeds from a new offering, according to a 424B5 filing with the Securities and Exchange Commission.

The company announced on Wednesday that it plans to sell dollar-denominated fixed-rate senior notes.

Proceeds from the offering will also be used for general corporate purposes.

Steelcase is a Grand Rapids, Mich.-based office furniture manufacturer.

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