secwatch / observer
8-K filed January 24, 2023, 6:59 PM ET ticker RRX CIK 0000082811
debt confidence high sentiment positive materiality 0.80

REGAL REXNORD CORP (RRX): debt financing — Regal Rexnord closes $4.7B senior notes offering to fund Altra acquisition

REGAL REXNORD CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

REGAL REXNORD CORP incurred senior notes of $1,100,000,000 aggregate principal amount of its 6.050% Senior Notes due 2026, $1,250,000,000 aggregate principal amount at 6.050% on 2026 Notes and 2028 Notes, 6.300% on 2030 Notes, 6.400% on 2033 Notes maturing February 15, 2026 for the 2026 Notes, April 15, 2028 for the 2028 Notes, February 15, 2030 for the 2030 Notes, April 15, 2033 for the 2033 Notes.

Instrument
senior notes
Principal
$1,100,000,000 aggregate principal amount of its 6.050% Senior Notes due 2026, $1,250,000,000 aggregate principal amount
Rate
6.050% on 2026 Notes and 2028 Notes, 6.300% on 2030 Notes, 6.400% on 2033 Notes
Maturity
February 15, 2026 for the 2026 Notes, April 15, 2028 for the 2028 Notes, February 15, 2030 for the 2030 Notes, April 15, 2033 for the 2033 Notes
Event
incurrence
Exact text from the filing
On January 24, 2023, Regal Rexnord Corporation (the “Company”) entered into an Indenture (the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), relating to the issuance by the Company of $1,100,000,000 aggregate principal amount of its 6.050% Senior Notes due 2026 (the “2026 Notes”), $1,250,000,000 aggregate principal amount of its 6.050% Senior Notes due 2028 (the “2028 Notes”), $1,100,000,000 aggregate principal amount of its 6.300% Senior Notes due 2030 (the “2030 Notes”) and $1,250,000,000 aggregate principal amount of its 6.400% Senior Notes due 2033 (the “2033 Notes” and, together with the 2026 Notes, 2028 Notes and 2030 Notes, collectively, the “Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

REGAL REXNORD CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,100,000,000 aggregate principal amount of 6.050% Senior Notes due 2026, $1,250,000,000 aggregate (effective 2023-01-24).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$1,100,000,000 aggregate principal amount of 6.050% Senior Notes due 2026, $1,250,000,000 aggregate
Effective
2023-01-24
Exact text from the filing
Item 1.01 . Entry into a Material Definitive Agreement . Indenture General On January 24, 2023, Regal Rexnord Corporation (the “Company”) entered into an Indenture (the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), relating to the issuance by the Company of $1,100,000,000 aggregate principal amount of its 6.050% Senior Notes due 2026 (the “2026 Notes”), $1,250,000,000 aggregate principal amount of its 6.050% Senior Notes due 2028 (the “2028 Notes”), $1,100,000,000 aggregate principal amount of its 6.300% Senior Notes due 2030 (the “2030 Notes”) and $1,250,000,000 aggregate principal amount of its 6.400% Senior Notes due 2033 (the “2033 Notes” and, together with the 2026 Notes, 2028 Notes and 2030 Notes, collectively, the “Notes”).
View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

REGAL REXNORD CORP filing history →

Source: SEC EDGAR
accession 0001104659-23-006214
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