Oshkosh to sell $250 million eight-year notes in Thursday drive-by

By Paul A. Harris

Portland, Ore., Feb. 6 - Oshkosh Corp. plans to price a $250 million offering of eight-year senior notes (existing ratings B1/BB+) late Thursday afternoon, trailing a late-morning conference call with investors.

J.P. Morgan Securities LLC, BofA Merrill Lynch, RBS Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners. Credit Agricole CIB, HSBC Securities, PNC Capital Markets, TD Securities and USG are the co-managers.

The Rule 144A and Regulation S with registration rights notes become callable after three years at par plus 75% of the coupon.

The Oshkosh, Wis.-based specialty vehicle and equipment company plans to use the proceeds to redeem its 8¼% notes due 2017.

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