Turning Point Brands Inc, founded in 2000 and headquartered in Louisville, Kentucky, is a prominent player in the alternative tobacco and consumer products sector. The company specializes in manufacturing and marketing a variety of products, including smoking accessories, vapor products, and premium cigars.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TPB 5.63% 2026-02-15 USDTurning Point Brands Inc | United States | 2026-02-15 | 5.625 | 5.44 |
| TPB 5.63% 2026-02-15 USDTurning Point Brands Inc | United States | 2026-02-15 | 5.625 | 5.44 |
| TPB 7.63% 2032-03-15 USDTurning Point Brands Inc | United States | 2032-03-15 | 7.625 | 6.54 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Turning Point Brands first began issuing bonds in 2017, with a notable issuance of $75 million that aimed to refinance existing debts and support strategic growth initiatives. Currently, their bonds yield around 6.5%, which is competitive within the industry, particularly for companies with similar credit ratings. In 2021, they issued an additional $100 million in senior unsecured notes, showcasing their intent to strengthen their balance sheet and fund acquisitions. Recently, the company has focused on sustainability and product innovation, which has been positively received in the market, enhancing investor confidence in their bond offerings.