肯纳矿业宣布债务再融资计划，包括票据发行和要约收购

2026-05-19 21:36

Kennametal (NYSE: KMT) said on Tuesday it had initiated an underwritten public offering of senior notes and simultaneously commenced a cash tender offer to repurchase all outstanding $300M of its 4.625% senior notes due 2028, part of a broader refinancing initiative.
The tender offer for the full $300M of 2028 notes expires on May 26, with settlement expected on May 29, unless extended.
Pricing will be based on the yield of the 3.875% U.S. Treasury due March 2028 plus a 30-basis-point spread, to be determined on May 26.
Completion of the debt buyback remains contingent on Kennametal raising sufficient proceeds from its concurrent senior notes offering.
The company said proceeds not used for the tender offer will be directed toward general corporate purposes.
BofA Securities, BNP Paribas Securities and PNC Capital Markets are serving as joint book-running managers for the offering.
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