Valspar pricing $350 million notes due 2026 Wednesday

By Aleesia Forni

Virginia Beach, July 22 – Valspar Corp. plans to price $350 million of senior notes due 2026 on Wednesday, according to a market source and a 424B3 filed with the Securities and Exchange Commission.

BofA Merrill Lynch, HSBC Securities, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to repay borrowings under the company’s term loan credit facility and for general corporate purposes.

The coating and paint manufacturer is based in Minneapolis.

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