---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-119176"
form_type: "8-K"
ticker: "RBC"
cik: "0001324948"
company_name: "RBC Bearings INC"
filed_at: "2021-09-24T23:59:59+00:00"
generated_at: "2026-06-29T01:29:11.997198+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RBC Bearings issues $460M mandatory convertible preferred and 3.45M common shares for Dodge acquisition

## Summary
- Issued 4.6M shares of 5.00% Series A Mandatory Convertible Preferred Stock at $100 liquidation preference, raising $460M.
- Issued 3.45M shares of common stock in a public offering, including 450K shares from over-allotment option.
- Credit agreement amended to permit up to $600M in senior unsecured notes and $1.15B in mandatory convertible preferred stock.
- Proceeds will fund pending acquisition of ABB's Dodge Mechanical Power Transmission business and related fees.
- If Dodge acquisition does not close by Jan 26, 2022, mandatory convertible preferred stock may be redeemed.

## SEC filing metadata
- accession: 0001104659-21-119176
- form_type: 8-K
- ticker: RBC
- cik: 0001324948
- company_name: RBC Bearings INC
- filed_at: 2021-09-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1324948/000110465921119176/0001104659-21-119176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1324948/000110465921119176/tm2127414d17_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-119176
- JSON: https://secwatch.observer/filing/0001104659-21-119176.json
- Plain text: https://secwatch.observer/filing/0001104659-21-119176.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.