secwatch.observer — SEC 8-K summary
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Issuer:     REGAL REXNORD CORP (RRX)
CIK:        0000082811
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001104659-23-018677
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regal Rexnord launches tender offer for Altra subsidiary's $384M 6.125% notes due 2026
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- Commences cash tender offer for any and all $383.685M 6.125% Senior Notes due 2026 of Stevens Holding (Altra subsidiary).
- Early tender by Feb 24 gets $1,017.50 per $1,000 principal, including $50 early participation premium.
- Late tender by March 13 gets $967.50 per $1,000; accrued interest paid in addition.
- Consent solicitation seeks to eliminate restrictive covenants and change-of-control provisions in the indenture.
- Tender and consent conditioned on merger with Altra; closing expected first half 2023, possibly Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82811/000110465923018677/0001104659-23-018677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82811/000110465923018677/tm236280d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-018677

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