debt
confidence high
sentiment neutral
materiality 0.45
Regal Rexnord completes tender offer for $365.6M of 6.125% Senior Notes due 2026
REGAL REXNORD CORP
- $365.6M principal (95.28% of outstanding) tendered and accepted as of March 22, 2023 expiration.
- Total consideration of $1,017.50 per $1,000 principal, including $50 early participation premium.
- Settlement expected on March 27, 2023; notes originally issued by Stevens Holding (Altra subsidiary).
- J.P. Morgan acted as dealer manager; D.F. King as tabulation agent.