Oshkosh Corp. prices $500 million senior debt offering; expected to close Wednesday
By APFriday, February 26, 2010
Oshkosh prices $500 million debt offering
OSHKOSH, Wis. — Truck and emergency vehicle maker Oshkosh Corp. said Friday it will sell $500 million of senior debt.
The company priced $250 million of senior notes due 2017 and $250 million of senior notes due 2020 in a private offering to institutional buyers.
The notes due 2017 were priced at par with an interest rate of 8.25 percent.
The notes due 2020 were priced at par with an interest rate of 8.5 percent.
The offering is expected to close Wednesday.
Oshkosh shares closed Friday trading up 47 cents at $38.12.
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