Kirby Corporation issues $60M of 3.46% senior notes due 2033

KIRBY CORP

Issued $60M Series A 3.46% senior notes on Oct 20, 2022, part of $300M Note Purchase Agreement.
Remaining $240M Series B 3.51% notes due to be issued on Jan 19, 2023.
Proceeds to repay 3.29% senior unsecured notes due Feb 27, 2023.
Covenants include interest coverage, debt-to-capitalization, liens, asset sales, mergers.
No principal payments until maturity.

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