Forward Air Corp Announces Private Offering of $925M of Senior Secured Notes
Portfolio Pulse from Benzinga Newsdesk
Forward Air Corporation (NASDAQ:FWRD) has announced a private offering of $925 million of senior secured notes due 2031. The proceeds will be used to pay for its merger with Omni, repay existing debts, and cover transaction costs.
September 20, 2023 | 11:26 am
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Forward Air's private offering of $925M senior secured notes will be used to fund its merger with Omni and repay debts. This could potentially strengthen the company's financial position.
The private offering of $925M senior secured notes by Forward Air is a significant financial move. The proceeds will be used to fund its merger with Omni, repay existing debts, and cover transaction costs. This could potentially strengthen the company's financial position by reducing debt and facilitating growth through the merger. Therefore, this news is highly relevant and important for FWRD investors.
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