Toro to pay down revolver with proceeds of note placement

By Wendy Van Sickle

Columbus, Ohio, June 30 – Toro Co. plans to pay down revolving credit facility debt with proceeds of $100 million of 3.97% senior notes due June 30, 2032 issued in a private placement on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

Based in Bloomington, Minn., Toro designs, manufactures and markets lawn mowers, snow blowers and irrigation system supplies for commercial and residential, agricultural and public sector uses.

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