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Leggett & Platt Inc T.LEG


Primary Symbol: LEG

Consumer Cyclical
Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Company’s segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.


NYSE:LEG - Post by User

Leggett & Platt Inc > BNN Recommendation
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Comment by zagorskon Nov 15, 2012 3:13pm
187 Views
Post# 20606313

RE: RE: BNN Recommendation

RE: RE: BNN Recommendation

        The bond is not an add to the debt. It leaves the net debt unchanged since it 

        reduces the demand loan from the bank. LEG pays a little higher interest rate  

       and in return increases its undrawn line of credit from $120M to $320M.  The 

       fact that the lenders are willing to accept an unsecured loan is a plus for LEG's 

       credit standing.  

                 

 

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