Trimas Corporation, founded in 1986 and headquartered in Bloomfield Hills, Michigan, operates with a focus on providing innovative solutions in the packaging, energy, and aerospace industries. The company specializes in manufacturing engineered products, including closure systems, specialized packaging, and a range of complex components that cater to diverse market needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TRS 4.13% 2029-04-15 USDTrimas Corporation | United States | 2029-04-15 | 4.125 | 5.33 |
| TRS 4.13% 2029-04-15 USDTrimas Corporation | United States | 2029-04-15 | 4.125 | 5.25 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Trimas Corporation began issuing bonds in the late 1990s to support its growth and strategic acquisitions. Notably, in 2015, the company issued $250 million in senior unsecured notes, enhancing its liquidity for expansion initiatives. As of late 2023, Trimas' bonds yield approximately 4.5%, which is competitive within the manufacturing sector, reflecting the company’s solid credit profile. Recently, Trimas announced plans to redeem a significant portion of its outstanding bonds ahead of maturity, indicating positive cash flows and a commitment to optimizing its capital structure.