debt
confidence high
sentiment neutral
materiality 0.55
Nucor issues $1.1B in senior notes: $550M 3.125% due 2032 and $550M 3.850% due 2052
NUCOR CORP
- $550M of 3.125% Notes due April 1, 2032, and $550M of 3.850% Notes due April 1, 2052.
- Notes are senior unsecured obligations ranking equally with existing unsecured debt.
- Redeemable at Nucor's option at Treasury Rate plus spread before specified par call dates.
- Change of control triggering event allows holders to require repurchase at 101% of principal.
- Covenants limit secured debt and sale-leaseback transactions by Nucor and restricted subsidiaries.