Toro Co., founded in 1914 and headquartered in Bloomington, Minnesota, is a leading manufacturer of outdoor power equipment, primarily focusing on products for landscaping, gardening, and turf maintenance. The company is renowned for its innovation in mowers, snow removal equipment, and irrigation systems, catering to both professional and residential markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TTC 6.63% 2037-05-01 USDToro Co. | United States | 2037-05-01 | 6.625 | 5.44 |
| TTC 7.80% 2027-06-15 USDToro Co. | United States | 2027-06-15 | 7.800 | 4.11 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Toro Co. began issuing corporate bonds in the 1980s as a means to finance its expansion efforts and product development. Notable issuances include a $300 million bond in 2016 aimed at refinancing existing debt and funding new initiatives, which featured a competitive yield of 3.5% compared to the industry average of 4.1%. The company continues to maintain a strong credit rating, reflecting its solid financial position and consistent cash flow from operations, further bolstered by recent developments in technology-driven lawn care solutions.