Benzinga | Sep 10, 2021 07:36PM EDT

Winmark To Raise $30M Via Senior Notes Offering

* Winmark Corp (NASDAQ:WINA) announced the issuance of $30.0 million of 3.18% Senior Secured Notes due 2028.

* The company intends to use the proceeds for general corporate purposes, including share repurchases and dividends.

* The financing was provided by affiliates of PGIM Inc (formerly Prudential Investment Management) under its existing note agreement.

* Winmark held $7.2 million in cash and equivalents as of June 30, 2021.

* Price Action: WINA shares are trading higher by 0.50% at $202.01 on the last check Friday.