debt
confidence high
sentiment neutral
materiality 0.60
Regal Rexnord completes consent solicitation for $361M of 6.125% Senior Notes due 2026
REGAL REXNORD CORP
- Received tenders and consents from holders of $361,122,000 (94.12% of outstanding 6.125% Senior Notes due 2026).
- Executed supplemental indenture to eliminate substantially all restrictive covenants and certain events of default.
- Terminated the separate change of control offer for the Notes after receiving requisite consents.
- Tender offer and consent solicitation remain subject to conditions including consummation of the Altra merger.