debt
confidence high
sentiment neutral
materiality 0.75
Regal Rexnord prices $4.7B senior notes offering to fund Altra acquisition
REGAL REXNORD CORP
- Priced $4.7B in senior unsecured notes: $1.1B at 6.05% (2026), $1.25B at 6.05% (2028), $1.1B at 6.30% (2030), $1.25B at 6.40% (2033).
- Net proceeds to fund Altra Industrial Motion acquisition, repay Regal Rexnord 2032 notes and certain Altra debt.
- Notes offered in private placement under Rule 144A/Regulation S; closing not conditioned on merger completion.
- Follows October 26, 2022 definitive merger agreement with Altra; offering supports $4.7B financing for deal.