Kirby $500 million 4.2% notes issue

Overview:

• Kirby has issued $500 million in senior notes.
• The notes bare a coupon rate of 4.2%.
• Proceeds will be used for financing the acquisition of Higman Marine.
• The underwriters were led by Wells Fargo Securities and Morgan Stanley. 
• Kirby is the largest domestic tank barge operator in the United States.

Katrin Kostadinova - Data analyst