debt
confidence high
sentiment neutral
materiality 0.55
Emerson closes €1B + $0.5B multi-tranche note offering for AspenTech funding and commercial paper repayment
EMERSON ELECTRIC CO
- Issued €500M 3.000% notes due 2031, €500M 3.500% notes due 2037, and $500M 5.000% notes due 2035 as senior unsecured obligations.
- Net proceeds of ~$1.537B (using €/$=1.0455) will be used for general corporate purposes, repaying commercial paper, and funding part of AspenTech acquisition.
- Notes rank equally with all existing and future unsecured unsubordinated debt; may be redeemed at any time prior to maturity.
- The offering was previously announced on Feb 28, 2025; closing on March 4, 2025.