Leggett & Platt, Inc., founded in 1883 and headquartered in Carthage, Missouri, is a diversified manufacturer that specializes in providing a wide range of engineered components for several industries, including bedding, automotive, and furniture. The company is recognized for its innovative solutions, producing products such as mattress support systems, adjustable beds, and various industrial components.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Leggett & Platt began issuing corporate bonds in the late 1980s, and they have since established a track record of significant bond offerings. One notable issuance occurred in 2020 when the company raised $500 million in senior notes to enhance liquidity during economic uncertainty. Currently, Leggett & Platt's bonds yield around 4.5%, which is competitive within its sector. The company has also maintained an investment-grade credit rating, allowing it to attract a diverse range of investors seeking stability in the bond market.