Steelcase to Issue $450.0 Million of Senior Notes

Steelcase Inc. (NYSE: SCS) announced today that it has agreed to sell $450.0 million aggregate principal amount of 5.125% senior notes due January 18, 2029 in an underwritten public offering in which J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers. The company intends to use a portion of the net proceeds from the offering to fund the redemption of its 6.375% Senior Notes due 2021, of which $250 million in the aggregate principal amount is outstanding, and related fees and expenses.

Read full article here: (GLOBE NEWSWIRE) https://globenewswire.com/news-release/2019/01/16/1701012/0/en/Steelcase-to-Issue-450-0-Million-of-Senior-Notes.html

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