New York, November 05, 2014 -- Moody's Investors Service assigned a Baa1 rating to the proposed $300 million senior unsecured notes due November 15, 2024 being offered today by Leggett & Platt Incorporated ("Leggett" or "Leggett & Platt"). Net proceeds from the issuance will be used to repay $180 million of notes due November 15, 2014 and commercial paper borrowings. The company had about $150 million of commercial paper borrowings outstanding as of September 30, 2014.
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