Wolverine World Wide Inc. announced the pricing of its offering of $550 million aggregate principal amount of 4.000 percent senior notes due 2029.
The company intends to use the net proceeds from the offering, together with borrowings under its amended senior credit facility, to redeem all of its outstanding 5.000 percent senior notes due 2026 and 6.375 percent senior notes due 2025 and pay all related fees and expenses. The notes will be guaranteed by the company’s domestic subsidiaries that guarantee its senior credit facilities.
The offering is expected to close on August 26, 2021, subject to customary closing conditions.
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