Ferro Plans Debt as Profits Instill Confidence: New Issue Alert
This article is for subscribers only.
Ferro Corp., the Cleveland-based maker of porcelain enamel for cookware and appliances, is marketing debt as investors gain confidence company profits will continue to grow.
Ferro plans to sell $250 million of notes and use proceeds to redeem its convertible debt due in 2013, it said in a statement distributed by Business Wire.