debt
confidence high
sentiment positive
materiality 0.70
Patrick Industries prices $500M 6.375% senior notes due 2032, upsized from $400M
PATRICK INDUSTRIES INC
- Upsized private offering of $500M 6.375% Senior Notes due 2032, increasing from previously announced $400M.
- Proceeds to redeem $300M of 7.500% Senior Notes due 2027 and repay a portion of credit facility borrowings.
- Plans to amend existing $925M credit facility into new $1.0B facility with maturity extended to October 2029.
- Offering expected to close on or about October 22, 2024, subject to customary closing conditions.