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Winnebago Industries Reprices $260M of Term Loan B Facility
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Winnebago Industries, Inc. (WGO - Free Report) reported that it has completed repricing its Term Loan B facility of $260 million. The new pricing comes at an interest rate of London Interbank Offered Rate (LIBOR) plus 3.5% in comparison to the previous interest rate of LIBOR plus 4.5%.
Notably, Winnebago Industries also revised its asset-based lending facility (ABL) of $125 million with a reduced interest rate of LIBOR plus 1.25-1.75%. While the previous ABL interest rate was LIBOR plus 1.5-2%.
The company is a major manufacturer of recreational vehicles (RV) and other associated products and services. Some of its products are motorhomes, travel trailers, fifth wheel products and toy haulers. Winnebago Industries distributes its products through dealerships in the United States and Canada.
In the last three months, shares of Winnebago Industries have outperformed the industry it belongs to. The stock has surged 48% compared with the industry’s gain of 33.8% during the period.
BorgWarner has an expected long-term growth rate of 9%. In the last six months, shares of the company have been up 23.1%.
American Axle has an expected long-term growth rate of 8.1%. In the last three months, shares of the company have been up 9.1%.
Oshokosh has an expected long-term growth rate of 16.5%. In the last 30 days, shares of the company have been up 3.8%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Winnebago Industries Reprices $260M of Term Loan B Facility
Winnebago Industries, Inc. (WGO - Free Report) reported that it has completed repricing its Term Loan B facility of $260 million. The new pricing comes at an interest rate of London Interbank Offered Rate (LIBOR) plus 3.5% in comparison to the previous interest rate of LIBOR plus 4.5%.
Notably, Winnebago Industries also revised its asset-based lending facility (ABL) of $125 million with a reduced interest rate of LIBOR plus 1.25-1.75%. While the previous ABL interest rate was LIBOR plus 1.5-2%.
The company is a major manufacturer of recreational vehicles (RV) and other associated products and services. Some of its products are motorhomes, travel trailers, fifth wheel products and toy haulers. Winnebago Industries distributes its products through dealerships in the United States and Canada.
Winnebago Industries, Inc. Price and Consensus
Winnebago Industries, Inc. Price and Consensus | Winnebago Industries, Inc. Quote
Price Performance
In the last three months, shares of Winnebago Industries have outperformed the industry it belongs to. The stock has surged 48% compared with the industry’s gain of 33.8% during the period.
Zacks Rank & Key Picks
Winnebago Industries carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are BorgWarner Inc.(BWA - Free Report) , American Axle & Manufacturing Holdings, Inc. (AXL - Free Report) and Oshokosh Corporation (OSK - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BorgWarner has an expected long-term growth rate of 9%. In the last six months, shares of the company have been up 23.1%.
American Axle has an expected long-term growth rate of 8.1%. In the last three months, shares of the company have been up 9.1%.
Oshokosh has an expected long-term growth rate of 16.5%. In the last 30 days, shares of the company have been up 3.8%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>