US Edition
WATCO COMPANIES ANNOUNCES PRICING OF PREVIOUSLY ANNOUNCED SENIOR UNSECURED NOTES OFFERING
Watco plans to use proceeds from $250 million senior notes offering to redeem 6.5% notes due 2027, repay credit facilities, and support corporate purposes, officials said.
- On Thursday | September 4, 2025, Watco Companies, L.L.C. priced a $250 million aggregate principal amount of 7.125% senior unsecured notes due 2032.
- Watco intends to use the net proceeds of the Add-On Offering to redeem all issued and outstanding 6.500% Senior Notes due 2027, pay related fees and expenses, repay part of its senior secured credit facility, and fund general corporate purposes.
- The offering is structured as a private placement to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S, with Additional Notes issued under the existing indenture covering $700 million of 7.125% notes.
- Watco expects to close the sale on or about September 17, 2025, noted the Additional Notes are unregistered under the Securities Act of 1933, and plans CUSIP consolidation after the 40th day with guarantees by Watco subsidiaries.
- Watco, headquartered in Pittsburg, Kansas, operates as a leading integrated transportation provider serving over 3,300 customers across the U.S., Mexico, Canada and Australia, and cautions that forward‑looking statements are subject to risks including capital markets and operational conditions.
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31 Articles
Denton Record-Chronicle
WATCO COMPANIES ANNOUNCES PRICING OF PREVIOUSLY ANNOUNCED SENIOR UNSECURED NOTES OFFERING
PITTSBURG, Kan., Sept. 3, 2025 /PRNewswire/ -- Watco Companies, L.L.C. and its wholly-owned subsidiary, Watco Finance Corp. (collectively, "Watco"), today announced the pricing of its previously announced private add-on offering (the "Add-On Offering") of $250 million aggregate principal amount of…
WATCO COMPANIES ANNOUNCES PRICING OF PREVIOUSLY ANNOUNCED SENIOR UNSECURED NOTES OFFERING - The Morning Sun
PITTSBURG, Kan., Sept. 3, 2025 /PRNewswire/ -- Watco Companies, L.L.C. and its wholly-owned subsidiary, Watco Finance Corp. (collectively, "Watco"), today announced the pricing of its previously announced private add-on offering (the "Add-On Offering") of $250 million aggregate principal amount of its 7.125% senior unsecured notes due 2032 (the "Additional Notes"). The Additional Notes will be issued at an offering price of 103.250% of their pri…
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