Rockwell Automation Prices $600 Million of Notes Offering
Rockwell Automation Inc., (NYSE:ROK) today announced that on February 11, 2015 it priced notes in an aggregate principal amount of $600 million, in an underwritten, registered public offering.
One series, consisting of $300 million of notes, will mature in March 2020 and will bear interest at an annual rate of 2.050 percent. A second series, consisting of $300 million of notes, will mature in March 2025 and will bear interest at an annual rate of 2.875 percent. The offering is expected to close on February 17, 2015, subject to customary closing conditions.
Rockwell Automation intends to use the net proceeds from the offering to repay outstanding commercial paper and for general corporate purposes.
Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers for the offering.
BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and The Williams Capital Group, L.P. acted as senior co-managers. Comerica Securities, Inc., ING Financial Markets LLC, Lloyds Securities Inc. and TD Securities (USA) LLC acted as co-managers.
Copies of the prospectus supplement and the accompanying prospectus relating to the offering can be obtained from:
Goldman, Sachs & Co.
200 West Street
New York, NY 10282
J.P. Morgan Securities LLC
Attn: Investment Grade Syndicate Desk, 3rd Floor
383 Madison Avenue
New York, NY 10017
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Attn: Prospectus Department
New York, NY 10038
Electronic copies of the prospectus supplement and accompanying prospectus are also available on the Securities & Exchange Commission website at www.sec.gov. This news release is not an offer to sell and is not soliciting an offer to buy any of the securities, nor will there be any offer or sale of the securities in any jurisdiction where the offer or sale is not permitted.
Rockwell Automation, Inc. (NYSE:ROK) , the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs about 22,500 people serving customers in more than 80 countries.
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