Regal Rexnord extends tender offer for Altra notes by one day; 95.28% tendered

REGAL REXNORD CORP

Regal Rexnord extended expiration of cash tender offer for Altra's 6.125% Senior Notes due 2026 to March 22, 2023.
As of March 21, $365.56M (95.28%) of $383.685M outstanding notes had been tendered.
Tender consideration is $967.50 per $1,000 principal; early participation premium of $50 for those who tendered by Feb 24.
Offer conditioned on consummation of Regal Rexnord's merger with Altra Industrial Motion.
All other terms unchanged; J.P. Morgan acting as dealer manager.

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