PR Newswire
ANOKA, Minn., Feb. 18, 2021
ANOKA, Minn., Feb. 18, 2021 /PRNewswire/ -- Vista Outdoor Inc. (NYSE: VSTO), a leading global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets, today announced that it has priced its private offering of $500 million aggregate principal amount of senior notes due 2029 (the "Notes"), an increase of $150 million from the previously announced amount. The Notes will be issued at a price equal to 100.0 percent of their principal amount. The Notes will be senior unsecured obligations of Vista Outdoor and will be guaranteed on a senior unsecured basis by certain of Vista Outdoor's existing and future domestic subsidiaries.
Vista Outdoor intends to use the net proceeds from the offering to fund the redemption of all of its outstanding 5.875% Senior Notes due 2023 and to pay related fees and expenses, with the remaining net proceeds to be used for general corporate purposes.
The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Notes will be offered and sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.
About Vista Outdoor Inc.
Vista Outdoor is a global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The company has a portfolio of well-recognized brands that provides consumers with a wide range of performance-driven, high-quality and innovative products for individual outdoor recreational pursuits. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit www.vistaoutdoor.com or follow us on Twitter @VistaOutdoorInc and Facebook at www.facebook.com/vistaoutdoor.
Forward-Looking Statements
Some of the statements made and information contained in this press release, excluding historical information, are "forward-looking statements," including those that discuss, among other things: our plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words "believe," "expect," "anticipate," "intend," "aim," "should" and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause our actual results to differ materially from the expectations described in such forward-looking statements, including the following:
Media Contact: | Investor Contact: | ||||
| | ||||
Fred Ferguson | Kelly Reisdorf | ||||
Phone: 571-343-7006 | Phone: 763-433-1028 | ||||
E-mail: media.relations@vistaoutdoor.com |
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SOURCE Vista Outdoor Inc.
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