By Wendy Van Sickle
Columbus, Ohio, March 1 – American Outdoor Brands Corp. issued $75 million of 5% senior notes due Aug. 28. 2020 on Wednesday under a purchase agreement with institutional investors, according to an 8-K filing with the Securities and Exchange Commission.
The notes are callable at 102.5 until Feb. 28, 2019 and at par after that.
Proceeds will be used to redeem the company’s existing 5% notes due 2018.
American Outdoor is a firearms provider based in Springfield, Mass.
| Issuer: | American Outdoor Brands Corp.
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| Issue: | Senior notes
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| Amount: | $75 million
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| Maturity: | Aug. 28, 2020
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| Coupon: | 5%
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| Call: | At 102.5 until Feb. 28, 2019 and at par after that
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| Issue date: | Feb. 28
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| Distribution: | Private placement
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