Valspar refinances debt offering

Valspar refinances debt offering

2:20 AM, 12th January 2012
Valspar refinances debt offering

MINNEAPOLIS, US: Valspar Corporation agreed to sell $400 million aggregate principal amount of 4.2 per cent senior notes due January 15, 2022. The company intends to use the net proceeds from this offering for general corporate purposes including repayment of a portion of its commercial paper borrowings and the repayment at maturity of $200 million principal amount of 5.625 per cent senior notes due May 1, 2012. The joint book-running managers for this offering are Deutsche Bank Securities, Mitsubishi UFJ Securities and US Bancorp.

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