Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Moog Inc. > News item |
Moog launches $150 million 10-year senior subordinated notes offering
By Paul A. Harris
St. Louis, May 27 - Moog Inc. launched a $150 million offering of 10-year senior subordinated notes (Ba3/BB-) on Monday, according to an informed source.
A brief investor roadshow is scheduled for Wednesday in Boston and New York. There will be an investor call at 1 p.m. ET.
Pricing is set for the end of the day on Wednesday.
Banc of America Securities LLC has the books for the note offering, which is being placed via Rule 144A with registration rights. J.P. Morgan Securities Inc., HSBC and RBS Greenwich Capital are the co-managers.
The notes come with five years of call protection.
Proceeds will be used to repay outstanding debt under the company's senior credit facility.
The prospective issuer is an East Aurora, N.Y., manufacturer of precision control components and systems for aircraft, aerospace, defense, industrial and medical applications.
© 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.