ESAB Announces $600M Senior Notes Offering

By Tamara Parker • Tuesday, March 26 15:14 • Permanent Link

ESAB Corporation (NYSE: ESAB) has announced its intention to offer senior notes totaling $600 million maturing in 2029. The company plans to utilize the net proceeds from this offering to repay outstanding borrowings under its senior term loan A-3 facility, with the remainder allocated for general corporate purposes. These notes will be guaranteed by certain of ESAB's domestic subsidiaries.

It's important to note that the notes and related guarantees have not been registered under the Securities Act of 1933, and therefore may not be offered or sold within the United States except to qualified institutional buyers or certain persons outside the country.

ESAB Corporation, founded in 1904, is a premier industrial compounder with a global presence, employing approximately 9,000 associates and serving customers in about 150 countries.

As a result of these announcements, the company's shares have moved 1.2% on the market, and are now trading at a price of $108.82. For the full picture, make sure to review E's 8-K report.

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