Oshkosh plans to sell $250 million 10-year notes in Tuesday drive-by

By Paul A. Harris

Portland, Ore., Feb. 17 – Oshkosh Corp. plans to price a $250 million offering of 10-year senior notes on Tuesday, according to market sources.

BofA Merrill Lynch, J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners.

The Rule 144A and Regulation S notes come with five years of call protection.

The Oshkosh, Wis.-based company plans to use the proceeds, together with available cash, to redeem all of its 8½% senior notes due 2020, which are scheduled to be redeemed on March 2, 2015.

Oshkosh is a designer, manufacturer and marketer of access equipment, commercial, fire and emergency, military and specialty vehicles and vehicle bodies.

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