WINNEBAGO INDUSTRIES INC 8-K
Research Summary
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Winnebago Industries Announces $100M Redemption of 2028 Notes
What Happened
Winnebago Industries, Inc. announced on February 5, 2026 (via an 8-K and press release) that it elected to redeem $100,000,000 of the $200,000,000 aggregate principal amount of its outstanding 6.250% Senior Secured Notes due 2028. The redemption date is February 20, 2026, and notice was sent to record holders by U.S. Bank Trust Company, N.A., the trustee.
Key Details
- Company: Winnebago Industries, Inc. (WGO)
- Securities: 6.250% Senior Secured Notes due 2028
- Amount to be redeemed: $100,000,000 of $200,000,000 outstanding principal
- Redemption date and terms: February 20, 2026; redemption price = 100% of principal plus accrued and unpaid interest to, but not including, the redemption date
- Notice sent: February 5, 2026 by the trustee; press release attached as Exhibit 99.1 to the 8-K
Why It Matters
This reduces Winnebago’s outstanding secured debt under this note issue by half (from $200M to $100M) and retires the redeemed portion at par, affecting the company’s debt maturity profile and interest obligations. For investors, the move can indicate cash availability or a capital-management decision to reduce leverage or refinance on different terms; however, the filing itself only confirms the redemption action and its immediate cash impact (principal repayment plus accrued interest).