debt
confidence high
sentiment neutral
materiality 0.55
RPM International issues $300M 2.950% Notes due 2032, net proceeds ~$296.2M to repay revolver
RPM INTERNATIONAL INC/DE/
- $300M aggregate principal of 2.950% Notes due 2032 priced at 99.778% (yield 2.976%).
- Expected close on January 25, 2022; net proceeds estimated at $296.2M.
- Proceeds to repay outstanding revolver borrowings and for general corporate purposes.
- Underwriting agreement with BofA Securities and Goldman Sachs as representatives.