Oil-Dri issues $25M 3.25% Series C Senior Notes due 2031; adds leverage-based fee

Oil-Dri Corp of America

Issued $25M in Series C Senior Notes at 3.25% annual rate, maturing December 16, 2031.
Proceeds to be used for general corporate purposes.
Excess leverage fee: 0.25% if Net Leverage Ratio >=2.00x; 1.00% if >2.50x.
Amendment to Note Agreement with PGIM, effective December 16, 2021.

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