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Winnebago Industries Reprices $260M Of Term Loan B Facility

By Zacks Investment ResearchStock MarketsDec 10, 2017 08:50PM ET
www.investing.com/analysis/winnebago-industries-reprices-260m-of-term-loan-b-facility-200272156
Winnebago Industries Reprices $260M Of Term Loan B Facility
By Zacks Investment Research   |  Dec 10, 2017 08:50PM ET
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Winnebago Industries, Inc. (NYSE:WGO) reported that it has completed repricing its Term Loan B facility of $260 million. The new pricing comes at an interest rate of London Interbank Offered Rate (LIBOR) plus 3.5% in comparison to the previous interest rate of LIBOR plus 4.5%.

Notably, Winnebago Industries also revised its asset-based lending facility (ABL) of $125 million with a reduced interest rate of LIBOR plus 1.25-1.75%. While the previous ABL interest rate was LIBOR plus 1.5-2%.

The company is a major manufacturer of recreational vehicles (RV) and other associated products and services. Some of its products are motorhomes, travel trailers, fifth wheel products and toy haulers. Winnebago Industries distributes its products through dealerships in the United States and Canada.

Winnebago Industries, Inc. Price and Consensus

Price Performance

In the last three months, shares of Winnebago Industries have outperformed the industry it belongs to. The stock has surged 48% compared with the industry’s gain of 33.8% during the period.



Zacks Rank & Key Picks

Winnebago Industries carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are BorgWarner Inc. (NYSE:BWA) , American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) and Oshokosh Corporation (NYSE:OSK) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

BorgWarner has an expected long-term growth rate of 9%. In the last six months, shares of the company have been up 23.1%.

American Axle has an expected long-term growth rate of 8.1%. In the last three months, shares of the company have been up 9.1%.

Oshokosh has an expected long-term growth rate of 16.5%. In the last 30 days, shares of the company have been up 3.8%.

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BorgWarner Inc. (BWA): Free Stock Analysis Report

American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report

Oshkosh Corporation (OSK): Free Stock Analysis Report

Winnebago Industries, Inc. (WGO): Free Stock Analysis Report

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Winnebago Industries Reprices $260M Of Term Loan B Facility
 

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Winnebago Industries Reprices $260M Of Term Loan B Facility

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