debt
confidence high
sentiment neutral
materiality 0.70
ESAB prices $700M 6.25% senior notes due 2029, upsized from initial $600M
ESAB Corp
- Offering upsized to $700M aggregate principal; coupon 6.25%, maturity 2029.
- Proceeds to repay outstanding borrowings under senior term loan A-3 facility and for general corporate purposes.
- Expected closing date April 9, 2024, subject to customary closing conditions.
- Notes and guarantees are unregistered, offered privately to QIBs and certain non-U.S. persons.
- Guaranteed by certain domestic subsidiaries of ESAB.