---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-055644"
form_type: "8-K"
ticker: "LCII"
cik: "0000763744"
company_name: "LCI INDUSTRIES"
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T17:06:20.093906+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LCI Industries issues $460M 3.00% convertible notes due 2030; repurchases $368M of 2026 notes and 0.3M shares

## Summary
- Priced $400M (upsized to $460M via option) of 3.00% convertible senior notes maturing March 1, 2030; initial conversion price $116.62/share (27.5% premium over $91.47 close).
- Net proceeds ~$447M used to repurchase $368M of existing 1.125% notes due 2026 for ~$370.3M and 0.3M shares for ~$28.3M.
- Entered convertible note hedge and warrant transactions (strike prices $116.62 and $182.94) costing ~$34.8M net after warrant proceeds.
- Concurrently terminated portions of existing hedge/warrant transactions related to repurchased 2026 notes, receiving ~$1.4M.

## SEC filing metadata
- accession: 0001193125-25-055644
- form_type: 8-K
- ticker: LCII
- cik: 0000763744
- company_name: LCI INDUSTRIES
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763744/000119312525055644/0001193125-25-055644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763744/000119312525055644/d939903d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-055644
- JSON: https://secwatch.observer/filing/0001193125-25-055644.json
- Plain text: https://secwatch.observer/filing/0001193125-25-055644.txt

## Key facts
- Debt Financings
  LCI INDUSTRIES incurred convertible notes of $460.0 million in aggregate principal amount with Wells Fargo Securities, LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives of the initial purchasers; U.S. Bank Trust Company, National Association, as trustee at 3.00% per annum, payable semi-annually maturing March 1, 2030.
  - Instrument: convertible notes
  - Principal: $460.0 million in aggregate principal amount
  - Counterparty: Wells Fargo Securities, LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives of the initial purchasers; U.S. Bank Trust Company, National Association, as trustee
  - Rate: 3.00% per annum, payable semi-annually
  - Maturity: March 1, 2030
  - Event: incurrence
  source text: the Initial Purchasers notified the Company of their election to purchase an additional $60.0 million in aggregate principal amount of Notes pursuant to the Option. A total of $460.0 million in aggregate principal amount of Notes was issued by the Company to the Initial Purchasers on March 14, 2025. The Purchase Agreement includes customary representations,
  evidence_url: https://www.sec.gov/Archives/edgar/data/763744/000119312525055644/0001193125-25-055644-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.