MOHAWK INDUSTRIES INC (MHK): debt financing — Mohawk Industries issues $600M of 5.850% Senior Notes due 2028

MOHAWK INDUSTRIES INC

$600M aggregate principal, 5.850% coupon, semi-annual interest, matures Sept 18, 2028.
Senior unsecured obligations, ranking equally with existing and future senior unsecured debt.
Redeemable at company's option; holders have change-of-control put rights.
Covenants limit liens, sale/leaseback, mergers; customary events of default.
Offered via registered public offering under existing shelf registration statement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

MOHAWK INDUSTRIES INC incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank National Association / U.S. Bank Trust Company, National Association at 5.850% per annum maturing September 18, 2028.

Instrument: senior notes
Principal: $600,000,000 aggregate principal amount
Counterparty: U.S. Bank National Association / U.S. Bank Trust Company, National Association
Rate: 5.850% per annum
Maturity: September 18, 2028
Event: incurrence

Exact text from the filing

On September 18, 2023, Mohawk Industries, Inc., (the “Company”) completed the issuance and sale of $600,000,000 aggregate principal amount of its 5.850% Senior Notes due 2028 (the “Notes”) in a previously announced registered public offering.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOHAWK INDUSTRIES INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $600,000,000 aggregate principal amount of 5.850% Senior Notes due 2028 (effective 2023-09-18).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $600,000,000 aggregate principal amount of 5.850% Senior Notes due 2028
Effective: 2023-09-18

Exact text from the filing

On September 18, 2023, Mohawk Industries, Inc., (the “Company”) completed the issuance and sale of $600,000,000 aggregate principal amount of its 5.850% Senior Notes due 2028 (the “Notes”) in a previously announced registered public offering.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-23-236886

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