Watco announces $100 million add-on to 6½% notes due 2027

By Cady Vishniac

Detroit, Jan. 20 – Watco Cos., LLC and its wholly owned subsidiary, Watco Finance Corp., plan to sell a $100 million issue of additional 6½% senior notes due 2027, according to a press release on Wednesday.

The new Rule 144A and Regulation S notes will be consolidated and form a single series with the $500 million of notes priced on June 11, 2020.

The Pittsburgh, Kan.-based integrated transportation services provider plans to use the proceeds to repay a portion of its senior secured credit facility and for general corporate purposes.

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