debt
confidence high
sentiment neutral
materiality 0.50
Davey Tree issues $100M 5.19% Senior Notes Series D due 2030
DAVEY TREE EXPERT CO
- Issued $100M 5.19% Senior Notes Series D due September 22, 2030 to affiliates of PGIM.
- Net proceeds to pay down revolving credit facility and for general corporate purposes.
- Notes guaranteed by Davey Tree Surgery, Wolf Tree, Davey Resource Group, and Wetlands Studies.
- Total outstanding under Note Purchase Agreement: $220M with $30M remaining availability.
item 2.03