Oshkosh US$300m 3.100% senior notes due 2030
Redeemed the 5.375% notes due 2025; general corporate purposes
Key terms
- Borrower or issuer
- Oshkosh
- Date
- 11 Feb 2020
- Type
- Bond
- Amount
- US$300m
- Pricing
- 3.100% fixed
- Maturity
- 2030
- Rating at issue
- BBB- (index)
Recorded terms
- Structure
- US$300m 3.100% senior notes due 2030 (SEC-registered); closed 26 February 2020
- Lenders and arrangers
- BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC (representatives of the underwriters)
- Country
- United States
Rating at issue
Rated BBB- at issue on the index basis (middle of three agencies, lower of two), from the SEC pricing term sheet for the notes.
Ratings (Moody’s/S&P/Fitch)*: Baa3 (Stable)/BBB (Stable)/BBB- (Stable) Format: SEC Registered Ranking: Senior Unsecured
Ratings change over time; check the agencies for the current rating.
Parties
- Oshkosh borrower or issuer
- bookrunner/arranger: BofA Securities, J.P. Morgan, Wells Fargo
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 22 Jan 2020 | Thales €500m 0.25% bond due 2027 | Bond | €500m |
| 4 Mar 2020 | Science Applications International US$400m 4.875% senior notes due 2028 | Bond | US$400m |
| 6 Mar 2020 | L3Harris Technologies US$250m floating rate notes due 2023 | Bond | US$250m |
| 11 Mar 2020 | Textron US$650m 3.0% notes due 2030 | Bond | US$650m |
| 23 Mar 2020 | Northrop Grumman US$2,250m senior notes (3 tranches) | Bond | US$2.25bn |
More from Oshkosh
| Date | Financing | Type | Amount |
|---|---|---|---|
| 16 Mar 2026 | Oshkosh US$1.6bn revolving credit facility | Bank facility | US$1.6bn |
| 31 Mar 2025 | Oshkosh US$500m term loan | Bank facility | US$500m |
| 3 Apr 2024 | Oshkosh US$450m revolver upsize to US$1.55bn | Bank facility | US$450m |
| 23 Mar 2022 | Oshkosh US$1.1bn revolving credit facility | Bank facility | US$1.1bn |
| 3 May 2018 | Oshkosh US$300m 4.600% senior notes due 2028 | Bond | US$300m |
| 3 Apr 2018 | Oshkosh US$1.175bn second amended and restated credit agreement | Bank facility | US$1.18bn |
Sources
- Oshkosh Form 8-K (underwriting agreement) sec.gov · 13 Feb 2020
- Oshkosh Form 8-K (notes closing) sec.gov · 26 Feb 2020
About this record
Record DEF-2020-0033, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
