Toromont Industries ( (TSE:TIH) ) has issued an announcement.
Toromont Industries announced a private offering of Cdn$300 million in senior unsecured notes due in 2030, with a 3.76% interest rate. The proceeds will be used to repay debt and for general corporate purposes, highlighting the company’s strategic financial management and potential impact on its market positioning.
More about Toromont Industries
Toromont Industries operates through two main segments: the Equipment Group and CIMCO. The Equipment Group is a significant Caterpillar dealership in Canada, offering rental operations and material handling services across several provinces and territories. CIMCO provides thermal management solutions in North America, focusing on energy efficiency and emissions reduction.
YTD Price Performance: 2.11%
Average Trading Volume: 150,884
Technical Sentiment Signal: Hold
Current Market Cap: C$9.41B
For an in-depth examination of TIH stock, go to TipRanks’ Stock Analysis page.