Winnebago Industries Announces Pricing of $300.0 Million Aggregate Principal Amount of Senior Secured Notes

Jun 30, 2020

FOREST CITY, Iowa, June 30, 2020 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO) (the “Company”), a leading outdoor lifestyle product manufacturer, announced today that it has priced $300.0 million in aggregate principal amount of 6.250% senior secured notes due 2028 (the “Notes”). The Company intends to use approximately $253.5 million of the proceeds of the offering to repay in full its obligations under its term loan facility. The remainder of the proceeds of the offering shall be used for general corporate purposes and to pay related fees and expenses. The closing of the offering is anticipated to take place on or about July 8, 2020, subject to customary closing conditions.

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