Question
Based on the following 10-k: (https://www.sec.gov/ix?doc=/Archives/edgar/data/93556/000009355620000006/swk10k2019.htm). Answer the following question: In March 2019, the Company issued $500.0 million of senior unsecured notes maturing on March
Based on the following 10-k:
(https://www.sec.gov/ix?doc=/Archives/edgar/data/93556/000009355620000006/swk10k2019.htm). Answer the following question:
In March 2019, the Company issued $500.0 million of senior unsecured notes maturing on March 1, 2026 ("2026 Term Notes"). The 2026 Term Notes accrue interest at a fixed rate of 3.40% per annum with interest payable semi-annually. The Company received net cash proceeds of $496.2 million (assume the difference was entirely discount/premium and underwriting costs were zero). Were these notes issued at a premium or a discount? In what amount?
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
1st Edition
1844802655, 9781844802654
