Wells Fargo Securities (NYSE: WFC) and Credit Suisse Group AG (NYSE:CS) are set to be the two joint book-runner managers in Worthington Industries Inc’s (NYSE: WOR) sale of $150 million in debt.
The senior-level notes will be due in 2020 and have an interest rate of 6.5%. Worthington Industries will use the proceeds of the debt sale to refinance existing debt.
Worthington Industries is a diversified metal-processing company. the company focuses on steel processing and metal products primarily in the U.S., Canada and Europe.
Wells Fargo Securities is a unit of Wells Fargo & Co, based out of San-Francisco.
Credit Suisse Group AG (Credit Suisse) is a financial services company that provides advisory services, solutions and products to companies, institutional clients and private clients globally, as well as to the retail clients in Switzerland.
