Mergers & Acquisitions ·
A. O. Smith Corporation has consummated its acquisition of Leonard Valve, financing the transaction through a new $470…
AOSSmith A O Corp
A. O. Smith Corporation has consummated its acquisition of Leonard Valve, financing the transaction through a new $470 million unsecured term loan maturing in 2029. This strategic move expands the company's footprint in the commercial and institutional temperature control market. The new debt introduces specific leverage and interest coverage covenants that investors should monitor as the company integrates the new asset.