The Toro Company (NYSE:TTC) announced that it has entered into a note purchase agreement of 3.81% series A senior notes due June 15, 2029 for gross proceeds of $100 million and 3.91% series B senior notes due June 15, 2031 for gross proceeds of $100 million; for aggregate proceeds of $200 million on April 30, 2019. The company will pay an interest of 3.81% on series A notes and interest of 3.91% on series B notes. The company will issue notes to accredited investors. The notes will be senior unsecured obligations of the company and interest on the notes will be payable semiannually on the 15th day of June and December in each year, commencing on December 15, 2019. The transaction is expected to close on or prior to June 27, 2019. The company will issue notes pursuant to Section 4(a)(2) of the Securities Act of 1933.
© S&P Capital IQ - 2019
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| The Toro Company(NYSE:TTC) added to Russell Small Cap Comp Value Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) added to Russell 1000 Dynamic Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) added to Russell Midcap Value Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) dropped from Russell Midcap Growth Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) dropped from Russell 3000 Growth Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) added to Russell 2500 Value Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) added to Russell 3000 Value Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) dropped from Russell 3000E Growth Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) added to Russell 1000 Value-Defensive Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) dropped from Russell 1000 Growth-Defensive Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) dropped from Russell 2500 Growth Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) dropped from Russell Small Cap Comp Growth Index | Jun. 30 | CI |
| The Toro Company(NYSE:TTC) dropped from Russell 1000 Growth Index | Jun. 30 | CI |
The Toro Company is a worldwide provider of solutions for the outdoor environment, including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. The Company operates through two segments: Professional and Residential. The Professional segment consists of turf and landscape equipment; rental, specialty, and underground construction equipment; snow and ice management equipment, and irrigation and lighting products. The Residential segment primarily consists of walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solutions products, including grass trimmers, hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, and underground, hose, and hose-end retail irrigation products. The Company operates in more than 125 countries through a portfolio of brands that includes Toro, Ditch Witch, Exmark, Spartan, and others.