debt
confidence high
sentiment neutral
materiality 0.50
Enpro prices $450M 6.125% Senior Notes due 2033; proceeds to refinance 2026 notes and revolver
Enpro Inc.
- Offering of $450M aggregate principal of 6.125% Senior Notes due 2033 priced at par (100%).
- Closing expected on May 29, 2025; offering exempt under Rule 144A and Regulation S.
- Net proceeds to redeem all outstanding 5.75% Senior Notes due 2026 and repay revolver borrowings used to extinguish term loans.
- Conditional redemption of the 5.75% 2026 notes was announced on May 13, 2025.