March 4, 2010 (FinancialWire) — Oshkosh Corp. (NYSE: OSK) said it has completed a private offering of $250 million of senior notes due 2017 and $250 million of senior notes due 2020 to qualified institutional buyers and in offshore transactions. The senior notes due 2017 were issued at par with an interest rate of 8?%, and the senior notes due 2020 were issued at par with an interest rate of 8?%.

The company saw around $489.5 million in proceeds from the sale of the notes, after deducting underwriting discounts and commissions and estimated expenses of the offering. Oshkosh said it used the entire net proceeds from the sale of the notes to repay a portion of the debt currently outstanding under term loan B under the company’s senior secured credit facility.

Wisconsin-based Oshkosh is a designer, manufacturer and marketer of a range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies.

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