debt
confidence high
sentiment neutral
materiality 0.55
Enpro completes $450M 6.125% senior notes offering; redeems $350M 5.75% notes due 2026
Enpro Inc.
- Issued $450M aggregate principal of 6.125% Senior Notes due June 1, 2033.
- Used proceeds to fund redemption of all $350M outstanding 5.75% Senior Notes; redemption date June 12, 2025.
- Interest on new notes payable semi-annually at 6.125%; first payment Dec 1, 2025.
- Notes are senior unsecured obligations; guaranteed by certain domestic subsidiaries.
- Covenants limit liens, asset sales, and mergers; change-of-control put at 101% of principal.
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