Winmark To Raise $30M Via Senior Notes Offering

by Shivani Kumaresan, Benzinga Staff Writer

September 10, 2021 11:46 AM | 1 min read | Make a Comment

Winmark Corp WINA announced the issuance of $30.0 million of 3.18% Senior Secured Notes due 2028.
The company intends to use the proceeds for general corporate purposes, including share repurchases and dividends.
The financing was provided by affiliates of PGIM Inc (formerly Prudential Investment Management) under its existing note agreement.
Winmark held $7.2 million in cash and equivalents as of June 30, 2021.
Price Action: WINA shares are trading higher by 0.50% at $202.01 on the last check Friday.