Friday, June 22, 2018
Breaking News
Home » RV Industry News » Thor pays off revolving credit facility, announces $250 million share repurchase

Thor pays off revolving credit facility, announces $250 million share repurchase

Thor pays off revolving credit facility, announces $250 million share repurchase

ELKHART, Ind. — Thor Industries announced that it has paid in full the outstanding balance on its revolving credit facility. This facility was initiated in association with the funding of the June 2016 acquisition of Jayco.

The $500 million facility remains available for future borrowings by the company through the facility maturity date of June 30, 2021.

The company further announced that its Board of Directors has authorized the repurchase of up to $250 million of the company’s common stock over the next (2) years on the open market or in privately negotiated transactions in accordance with applicable securities laws.

Read the full story from Herald Courier.

Print Friendly, PDF & Email

About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

One comment

  1. Wonder what that will do to improve QC!

Leave a Reply

Your email address will not be published. Required fields are marked *

*

RV Daily Report welcomes comments from readers. However, we expect that comments will be cordial and professional without reverting to name-calling, profanity and libelous language. Comments of that nature will be removed.