IDEX Corporation Completes Private Placement of Senior Notes
June 14 2016 - 8:30AM
Business Wire
IDEX CORPORATION (NYSE:IEX) announced today that it has
completed a note purchase agreement for the private placement of
$200 million of senior notes to institutional investors comprised
of $100 million in aggregate principal amount of 3.20% Series A
Senior Notes due 2023 (the “Series A Notes”) and $100 million in
aggregate principal amount of 3.37% Series B Senior Notes due 2025
(the “Series B Notes,” and together with the Series A Notes, the
“Notes”).
IDEX intends to use the net proceeds from the offering of the
Notes to reduce outstanding borrowings under its revolving credit
facility and for other general corporate purposes.
The Notes have not been registered under the Securities Act of
1933, as amended (the “Securities Act”), or any state securities
laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and any applicable state
securities laws. This press release does not constitute an offer to
sell or a solicitation of an offer to buy any securities.
About IDEX
IDEX Corporation is an applied solutions company specializing in
fluid and metering technologies, health and science technologies,
and fire, safety and other diversified products built to its
customers’ exacting specifications. IDEX has annual revenues in
excess of $2 billion and sells its products in niche markets to a
wide range of industries throughout the world. IDEX shares are
traded on the New York Stock Exchange and Chicago Stock Exchange
under the symbol “IEX”.
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IDEX CorporationHeath A. MittsSenior Vice President –Chief
Financial Officer847.498.7070
IDEX (NYSE:IEX)
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