LCI Industries Closes $460M Convertible Notes Offering and Completes $1B in Refinancing

The major manufacturer of OEM recreational vehicle components, LCI Industries, came to Faegre Drinker for legal guidance in its $460 million convertible notes offering and the related repurchase of $368 million aggregate principal amount of certain outstanding convertible notes and the repurchase of $28.3 million of LCI common stock. Concurrent with the convertible notes offering, Faegre Drinker helped LCI refinance its Revolving and Term Loan A into a new five-year, $600 million revolving secured credit facility and a new $400 million Term Loan B secured facility with JP Morgan Chase, NA.