Leggett & Platt plans offering of 10-year notes via four bookrunners

By Devika Patel

Knoxville, Tenn., Nov. 14 – Leggett & Platt, Inc. expects to price fixed-rate senior notes due 2027, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until three months prior to maturity and then a par call.

J.P. Morgan Securities LLC, MUFG, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including debt repayment or refinancing, which may include $150 million of 4.4% notes due July 1, 2018 at maturity.

Leggett & Platt is a Carthage, Mo.-based producer of residential furnishings, commercial components and industrial materials.

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