Vista Outdoor Debt Offering to Extend Maturities
VSTO is offering $350 million of senior notes due in 2029 to fund the redemption of all of its outstanding 5.875% Senior Notes due in 2023. The private offering is only to institutional buyers, and has not yet been priced. The ratings agencies both viewed the offering as leverage neutral, with the potential to reduce annual interest expense. Standard & Poor’s rated the notes B+, ... Log in to view full article.