10:08 AM EST - Superior Plus Corp. : Announced today that, subject to market and other conditions, its wholly-owned subsidiaries, Superior Plus LP and Superior General Partner Inc. plan to commence a private placement offering of $500 million aggregate principal amount of senior unsecured notes due 2029. The Issuers intend to use the net proceeds of the offering, if completed, to redeem in full $350 million U.S. aggregate principal amount of the Issuers’ 7.0% senior unsecured notes due July 15, 2026 and use all remaining net proceeds to repay a portion of the outstanding indebtedness under the Issuers’ senior credit facility. Superior Plus Corp.
shares T.SPB are trading up $0.37 at $13.61.