secwatch.observer — SEC 8-K summary
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Issuer:     REGAL REXNORD CORP (RRX)
CIK:        0000082811
Form:       8-K
Filed at:   2021-10-07T23:59:59+00:00
Accession:  0001104659-21-123795
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.01, 2.03, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regal Rexnord completes merger with Rexnord PMC; new name, ticker RRX, $6.99 special dividend paid
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- Merger closed on Oct 4, 2021; Regal Beloit renamed Regal Rexnord, ticker changed to RRX on Oct 5.
- Special cash dividend of $6.99 per share (~$284M aggregate) paid to RBC shareholders on Oct 5.
- Reiterated FY2022 revenue ~$5.0B, cost synergies ≥$120M over 3 years, FY2022 adj. EBITDA >$1B.
- Board expanded to 11; Theodore Crandall and Robin Walker-Lee appointed; new officers named (Morton, Zaba, Klun).
- ~$1.0B drawn under Credit Agreement post-closing; $184M senior notes redeemed; bridge facility terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82811/000110465921123795/0001104659-21-123795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82811/000110465921123795/tm2129180d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-123795

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