Rockwell Automation prices $1.5B notes offering to fund Plex Systems acquisition

ROCKWELL AUTOMATION, INC

Issued $600M 0.35% notes due 2023, $450M 1.75% notes due 2031, $450M 2.8% notes due 2061.
Net proceeds of ~$1.487B to partially fund planned Plex Systems acquisition.
If Plex acquisition not closed by Jan 31, 2022, mandatory redemption of 2031 & 2061 notes at 101%.
Change of control repurchase event allows holders to require repurchase at 101%.
Offering expected to close Aug 17, 2021; BofA, Goldman Sachs, Loop, Wells Fargo lead.

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