This release includes certain statements that are "forward-looking" statements within the meaning of the U.S. THOR Industries is the sole owner of operating subsidiaries that, combined, represent the world's largest manufacturer of recreational vehicles.
#THOR INDUSTRIES REGISTRATION#
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, and there will not be any sale of the Notes, in any jurisdiction in which such offer or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws. persons in transactions outside the United States under Regulation S of the Securities Act. The Notes and related guarantees were offered only to persons believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. As with other strategic actions, we were opportunistic with the timing of this offering and believe our debt structure will provide us significant flexibility and liquidity for the future," said Bob Martin, President and CEO of THOR Industries. As we grow and mature, our debt structure is maturing as well. "We are very optimistic about our future and the future of RV industry. We remain committed to our previously communicated capital allocation priorities, including reinvesting in the business, repaying debt, growing our dividend and opportunistically pursuing strategic initiatives and share repurchases," said Colleen Zuhl, Senior Vice President and CFO of THOR Industries. This financing supports our strategic objectives, while extending maturities and enhancing liquidity. "With the closing of this Notes transaction, we continue to refine and optimize our capital structure. The Company also announced that on October 14, 2021, with the proceeds from the offering together with cash on hand, it has repaid $500 million of the borrowings outstanding on its asset based revolving credit facility and has paid certain transaction expenses. The Notes will mature on October 15, 2029.
The offering size was increased from the previously announced offering size of $400 million aggregate principal amount of notes. (NYSE: THO) ("Company" or "THOR") announced today the closing on Octoof its previously announced offering of $500 million aggregate principal amount of 4.000% Senior Notes due 2029 (the "Notes"). 14, 2021 /PRNewswire/ - THOR Industries, Inc.
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