Vista Outdoor Inc. announced that it has commenced a private offering of $350 million aggregate principal amount of senior notes due 2029. The notes will be senior unsecured obligations of Vista Outdoor and will be guaranteed on a senior unsecured basis by certain of Vista Outdoor’s existing and future domestic subsidiaries.
Vista Outdoor intends to use the net proceeds from the offering, together with cash on hand, to fund the redemption of all of its outstanding 5.875 percent senior notes due 2023 and to pay related fees and expenses.
Vista Outdoor’s brands include Federal Premium, CamelBak, Bushnell, Camp Chef, Primos, Blackhawk, Bell, and Giro.
Photo courtesy Vista Outdoor
