Tractor Supply completes senior note offering

Tractor Supply Company has closed a public offering of $650 million of 1.750% notes due 2030 

Net proceeds from the offering were approximately $636.7 million, after deducting offering expenses and underwriters’ discounts. 

The retailer said that it plans to use the net proceeds from the sale of the notes to refinance borrowings under its senior credit facilities and for general corporate purposes.

Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC and Regions Securities LLC acted as joint book-running managers for the offering. Bass, Berry & Sims PLC served as legal counsel to the Company and Simpson Thacher & Bartlett LLP served as legal counsel to the underwriters.

Based in Brentwood, Tenn., Tractor Supply operates more than 1,900 stores in 49 states along with 183 Petsense stores in 25 states.