Winnebago Industries, Inc. has paid off the remaining $59.3 million of its convertible senior notes which were due April 1. The move continues the manufacturer’s work in fiscal 2025 to reduce debt.
So far this year, Winnebago has repaid a total of $159 million of debt.
Winnebago Senior Vice President and Chief Financial Officer Bryan Hughes said reducing debt is part of Winnebago’s plan to focus on long-term growth while retaining a strong financial position.
Hughes said, “This strategy positions Winnebago Industries to seize growth opportunities, manage cyclicality and reward shareholders through dividends and share repurchase programs.”
