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Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Paraná SA > News item
Published on 4/17/2023 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Vontier will use $107 million from divestiture for debt paydown

By Mary-Katherine Stinson

Lexington, Ky., April 17 – Vontier Corp. will use the proceeds from its divestiture of Global Traffic Technologies, LLC for future debt reduction and share repurchases, according to press release.

The sale of Global Traffic Technologies to Miovision for $107 million closed on April 14.

Vontier is a Raleigh, N.C.-based industrial technology company focused on transportation and mobility solutions.


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