Amsted Industries Incorporated
Debt Capital Markets
|Client & Transactional Partners||Amsted Industries Incorporated||Our Role||Co-Manager|
AMSTED Industries Inc. (“AMSTED” or the “Company”) priced $400 million 8nc3 Senior Notes.
The Company plans to use proceeds from the offering to repurchase any of its $300 million Senior Notes due 2022 (the “2022 Notes”) validly tendered. The remaining proceeds will be used to redeem any 2022 Notes that are outstanding after completion of the tender offer, as well as for working capital and other general corporate purposes, which includes the partial repayment of amounts outstanding under its delayed draw term loan facility.
KeyBanc Capital Markets acted as Co-Manager on the transaction.