debt
confidence high
sentiment neutral
materiality 0.60
Nucor issues $1B in senior notes: $500M at 3.950% and $500M at 4.300% due 2025/2027
NUCOR CORP
- Net proceeds of ~$991.9M after underwriting discount and expenses.
- Notes are senior unsecured and rank equally with existing senior unsecured debt.
- 2025 Notes mature May 23, 2025; 2027 Notes mature May 23, 2027.
- Redeemable at make-whole premium prior to par call date, thereafter at 100% of principal.
- Change of control triggering event allows holders to require repurchase at 101% of principal.