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Stella-Jones Announces Private Offering of $400 Million of 7-Year Senior Unsecured Notes
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Stella-Jones Announces Private Offering of $400 Million of 7-Year Senior Unsecured Notes
Sep 30, 2024 2:51 AM

05:36 PM EDT, 09/26/2024 (MT Newswires) -- Stella-Jones Inc. ( STLJF ) said Thursday it priced an inaugural offering of Canadian-dollar denominated senior unsecured notes.

Stella-Jones ( STLJF ) will issue $400 million aggregate principal amount of senior unsecured notes due Oct. 1st, 2031, bearing interest at the rate of 4.312% per annum, payable semi-annually until maturity.

The company intends to use the net proceeds from the offering to repay existing indebtedness under its revolving credit facilities, and any balance will be used for general corporate purposes.

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