Deal Details
Senior Unsecured Note Offering
Summary
Baird served as co-manager on this offering
About
Briggs & Stratton Corporation (“Briggs” or the “Company”) (NYSE: BGG) recently priced an offering of $225 million aggregate principal amount senior unsecured notes due 2020. The notes bear interest at 6.875% per annum. The Company intends to use the net proceeds from the offering to redeem its outstanding 8.875% senior notes due March 15, 2011 and to pay fees and expenses in connection with the offering and redemption and for general corporate purposes.Briggs & Stratton Corporation, headquartered in Milwaukee, Wisconsin, is the world’s largest producer of gasoline engines for outdoor power equipment. Its wholly owned subsidiary Briggs & Stratton Power Products Group, LLC is North America’s number one manufacturer of portable generators and pressure washers, and is a leading designer, manufacturer and marketer of lawn and garden and turf care through its Simplicity® , Snapper®, Ferris® and Murray® brands. The Company’s products are designed, manufactured, marketed and serviced in over 100 countries on six continents.
Baird served as a co-manager on this notes offering.
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- Date
- December 2010
- Company
- Briggs & Stratton Corporation
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
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