Patrick Industries prices and upsize debt offering of $500M via issuance of senior notes [Seeking Alpha]
Patrick Industries, Inc. (PATK)
Last patrick industries, inc. earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=93682&p=irol-irhome
Company Research
Source: Seeking Alpha
The size of the offering reflects an increase of $100 million in aggregate principal amount of the notes from the previously announced offering size of $400 million. The company intends to use the net proceeds from the offering to redeem all of its $300 million aggregate principal amount of 7.500% senior notes due 2027, repay a portion of its borrowings under its existing senior secured credit facility and pay fees and expenses in connection with the foregoing. The offering is expected to close on or about October 22, 2024. Simultaneously with finalizing the offering, the company intends to revise its current $925 million senior secured credit facility by creating a new $1 billion senior secured credit facility. This will consist of an $875 million revolving credit facility and a $125 million term loan. The maturity date for the new facility is projected to be extended to October 2029, replacing the existing facility due to mature in August 2027. More on Patrick Patri
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PATK
News
- Patrick Industries, Inc. Announces Three-for-Two Common Stock SplitPR Newswire
- Patrick Rewards Investors With 9% Dividend Hike: Will It Sustain? [Yahoo! Finance]Yahoo! Finance
- Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend and Increased Share Repurchase AuthorizationPR Newswire
- Patrick Industries, Inc. (NASDAQ: PATK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Is Patrick Industries, Inc. (PATK) The Best RV and Camping Stock To Buy Now? [Yahoo! Finance]Yahoo! Finance
PATK
Earnings
- 10/31/24 - Miss
PATK
Sec Filings
- 11/21/24 - Form 8-K
- 11/12/24 - Form 4
- 11/7/24 - Form 10-Q
- PATK's page on the SEC website