Worthington Industries said it is planning an offering of $150 million senior notes due 2020.

The firm intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its revolving credit facility and amounts outstanding under its revolving trade accounts receivable securitization facility.

The joint bookrunners for the offering are Credit Suisse and Wells Fargo.   


Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.