Business NewsMarketWire • Worthington Industries Announces $150 Million Private Placement Note Financing

Worthington Industries Announces $150 Million Private Placement Note Financing

Worthington Industries Announces $150 Million Private Placement Note Financing

COLUMBUS, OH--(Marketwire - Aug 10, 2012) - Worthington Industries, Inc. (NYSE: WOR) today announced that it has issued $150 million of 12-year unsecured Senior Notes due 2024 through a private placement with Prudential Capital Group. The notes will bear interest at a fixed rate of 4.60%. The Company intends to use the net proceeds from the notes to repay a portion of the outstanding borrowings under its revolving credit facility and amounts outstanding under its revolving trade accounts receivable securitization facility.

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