Oshkosh US$300m 4.600% senior notes due 2028
Redeemed the US$250m 5.375% notes due 2022; general corporate purposes
Key terms
- Borrower or issuer
- Oshkosh
- Date
- 3 May 2018
- Type
- Bond
- Amount
- US$300m
- Pricing
- 4.600% fixed, priced at 99.652%
- Maturity
- 2028
- Rating at issue
- BBB- (index)
Recorded terms
- Structure
- US$300m 4.600% senior notes due 2028, priced at 99.652% (SEC-registered); closed 17 May 2018
- Lenders and arrangers
- J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated 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)*: Ba1 (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 |
|---|---|---|---|
| 10 May 2018 | General Dynamics US$7,500m senior notes (7 tranches) | Bond | US$7.5bn |
| 18 May 2018 | BWX Technologies US$400m 5.375% senior notes due 2026 | Bond | US$400m |
| 12 Apr 2018 | Indra €300m 3.00% senior notes due 2024 | Bond | €300m |
| 25 May 2018 | Harris Corporation US$850m 4.400% notes due 2028 | Bond | US$850m |
| 28 Mar 2018 | Saab SEK 500m 7-year FRN (March 2018) | Bond | SEK 500m |
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 |
| 11 Feb 2020 | Oshkosh US$300m 3.100% senior notes due 2030 | 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 · 7 May 2018
- Oshkosh press release: pricing of US$300m senior notes sec.gov · 3 May 2018
About this record
Record DEF-2018-0029, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
