Worthington Industries repays $150 million 4.6% notes due 2024

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – Worthington Industries, Inc. repaid on Dec. 6 its $150 million of 4.6% senior notes due Aug. 10, 2024 that were issued in a private placement in 2012, according to an 8-K filing with the Securities and Exchange Commission.

The issuer repaid the principal amount plus $498,333.36 in accrued interest following the separation of its steel-processing business, Worthington Steel Inc.

Prudential Insurance Co. of America, Pruco Life Insurance Co. of New Jersey, Pruco Life Insurance Co., Prudential Arizona Reinsurance Universal Co., Prudential Annuities Life Assurance Corp., Prudential Life Insurance Co., Ltd. and Gibraltar Life Insurance Co., Ltd. were the purchasers of the notes.

Worthington is a Columbus, Ohio-based metals manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.