Monday, May 21, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Best Buy wants to raise $350M with bond sale

Best Buy Co. plans to raise $350 million with its first bond sale since 2011 as the world’s largest consumer-electronics retailer prepares to repay $500 million of notes due next week.

New five-year securities may yield about 5.125 percent, according to a person with knowledge of the transaction who asked not to be identified because terms aren’t set.

Proceeds may be used to refinance debt, fund working capital, or repurchase stock, Richfield, Minn.-based Best Buy said Thursday in a regulatory filing.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…