Snap-on, Inc., founded in 1920 and headquartered in Kenosha, Wisconsin, is a renowned manufacturer and distributor of high-quality tools and equipment primarily for professional mechanics and industrial users. The company offers an extensive range of products including hand tools, power tools, diagnostic equipment, and tool storage solutions, catering to a global customer base in the automotive and aviation industries.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SNA 3.10% 2050-05-01 USDSnap-on, Inc. | United States | 2050-05-01 | 3.100 | 5.52 |
| SNA 3.25% 2027-03-01 USDSnap-on, Inc. | United States | 2027-03-01 | 3.250 | 3.94 |
| SNA 4.10% 2048-03-01 USDSnap-on, Inc. | United States | 2048-03-01 | 4.100 | 5.49 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Snap-on has a notable history of bond issuances, with its first public bond offering occurring in the late 1980s. In recent years, the company has strategically issued bonds to finance acquisitions and support its growth strategy, including a significant $500 million issuance in 2020, which featured a competitive yield compared to industry peers. As of 2023, Snap-on’s bonds have demonstrated solid performance, bolstered by the company’s strong credit profile and consistent cash flow, reflecting its stable market presence and demand for its products.