Vail Resorts Inc. MTN announced a cash tender offer for its $390MM in 6.75% senior subordinated notes due 2014, KBW reports.
“The tender will be funded by new 6.5% senior subordinated notes due 2019. In addition to reducing its debt cost, MTN extends its maturity profile through the transaction,” KBW writes.
Vail Resorts closed Monday at $49.19.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in