Moog intends to price $250 million eight-year notes on Tuesday

By Paul A. Harris

Portland, Ore., Nov. 17 – Moog Inc. plans to price a $250 million offering of eight-year senior notes (expected ratings Ba3/BB) on Tuesday, according to a market source.

J.P. Morgan Securities LLC, BofA Merrill Lynch and HSBC are the joint bookrunners for the Rule 144A and Regulation S offering.

Wells Fargo Securities LLC, RBS Securities Inc., MUFG, U.S. Bancorp Investments Inc., Williams Capital Group LP, Fifth Third Bank, PNC Capital Markets and RBC Capital Markets are the co-managers.

The notes come with three years of call protection.

The East Aurora, N.Y.-based designer, manufacturer and integrator of precision control components and systems plans to use the proceeds to pay down bank debt.

© 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.