Knife River Holding Company, headquartered in Bismarck, North Dakota, was founded in 2000 as a subsidiary of MDU Resources Group, Inc. The company specializes in construction materials and services, primarily focusing on the production of aggregate and ready-mix concrete as well as asphalt paving services across the United States.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| KNIRIV 7.75% 2031-05-01 USDKnife River Holding Company | United States | 2031-05-01 | 7.750 | 6.80 |
| KNIRIV 7.75% 2031-05-01 USDKnife River Holding Company | United States | 2031-05-01 | 7.750 | 6.77 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Knife River has a history of bond issuance dating back to its inception, with notable offerings occurring to fund expansion and operational projects. Notably, in 2014, Knife River issued $200 million in senior notes, which have helped finance various infrastructure initiatives. Currently, the yield on these bonds is competitive within the industry, attracting retail investors looking for stable income streams. Recent developments include plans to solidify their market position amid infrastructure spending increases at the federal level, making their bond offerings increasingly attractive.