Credit Rating

Rating Agency Long-term Issuer Rating Outlook
Standard & Poor’s BB Stable
Moody’s Ba3 Stable
Fitch BB Stable

The following senior notes have received “BB” rating by Standard & Poor’s, “B1” rating by Moody’s and “BB” by Fitch:

$300MM due 2028
$500MM due 2030
$400MM due 2031

Outstanding Financial Debt – as of February 2, 2022

Senior Notes

Instrument Issue date Maturity Volume in millions Coupon CUSIP
Senior Notes 12/07/2017 02/01/2028 $300 5.125% 153527AM8
Senior Notes 10/01/2020 10/15/2030 $500 4.125% 153527AN6
Senior Notes 04/16/2021 04/30/2031 $400 4.125% 153527AP1

Revolving Credit Facility

In addition, our Senior Secured Asset-Based Revolving Credit Facility provides up to $750MM.

Credit Profile

We have financed our growth through a combination of internally generated funds, bank borrowings, supplier credit, and sales of equity and debt securities to the public.

The principal uses of cash are focused on:

  • Working capital requirements
  • Capital expenditures related to property, plant, and equipment, as well as investments into our enterprise-wide information technology platforms
  • Acquiring businesses
  • Repayment of debt
  • Share repurchases to return excess cash to shareholders