Regal Rexnord extends tender offer for Altra notes to March 21; 95.3% tendered

REGAL REXNORD CORP

Extension of expiration date from March 20 to March 21, 2023 for the cash tender offer.
Holders tendered $365.6M (95.28%) of $383.7M aggregate principal amount of 6.125% Senior Notes due 2026.
Tender consideration $967.50 per $1,000 principal; early premium $50, total $1,017.50.
Consummation conditioned on closing of Altra merger; settlement may be aligned with merger closing.

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