debt
confidence high
sentiment neutral
materiality 0.50
Tractor Supply prices $500M of 5.200% senior notes due 2032
TRACTOR SUPPLY CO /DE/
- $500M aggregate principal, 5.200% annual coupon, maturity Jan 30 2032, issued Aug 25 2026.
- Net proceeds to repay borrowings under senior credit facility and for general corporate purposes.
- Interest payable semi-annually Jan 30 and Jul 30, first payment Jan 30 2027.
- Notes are senior unsecured; change of control triggering event requires repurchase at 101% of principal.
- Underwriters include Wells Fargo Securities and BofA Securities as representatives.