Steelcase, Inc., founded in 1912 and headquartered in Grand Rapids, Michigan, is a leading provider of furniture and workspace solutions aimed at enhancing employee productivity and well-being. The company specializes in a wide range of office furniture products, including desks, seating, and collaborative workspace environments, all designed to improve the quality of work life.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SCS 5.13% 2029-01-18 USDSteelcase, Inc. | United States | 2029-01-18 | 5.125 | 5.03 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Steelcase began issuing bonds in the early 1990s, with its most notable offering occurring in 2011, when it raised $200 million in senior notes to refinance existing debt and fund capital expenditures. These bonds featured a fixed interest rate and a maturity of ten years, providing investors with predictable returns. Currently, Steelcase's bond yields are competitive within the industry, reflecting its solid credit rating and financial stability. Notably, in 2022, the company announced a strategic initiative to enhance its sustainability efforts, leading to increased investor interest in its eco-friendly bond offerings.