Wolverine World Wide, Inc., founded in 1883 and headquartered in Rockford, Michigan, is a global leader in the design, manufacture, and marketing of footwear and lifestyle apparel. The company is best known for its diverse portfolio of well-recognized brands, including Hush Puppies, Merrell, and Wolverine, catering to various consumer segments and outdoor enthusiasts.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| WWW 4.00% 2029-08-15 USDWolverine World Wide, Inc. | United States | 2029-08-15 | 4.000 | 3.99 |
| WWW 4.00% 2029-08-15 USDWolverine World Wide, Inc. | United States | 2029-08-15 | 4.000 | 6.39 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Wolverine has a notable history of issuing bonds, with its first bond offering recorded in the 1990s to support expansion efforts. The company’s most recent notable issuance was a $400 million offering in 2021, aimed at refinancing existing debt, which has helped improve its capital structure. As of late 2023, Wolverine's corporate bonds yield around 4.5%, slightly below the industry average, indicating strong investor interest. A unique feature of their bonds includes warrants granted in earlier issues, providing investors additional equity upside potential.