debt
confidence high
sentiment neutral
materiality 0.65
Rockwell Automation closes $1.5B note offering to fund Plex Systems acquisition
ROCKWELL AUTOMATION, INC
- Issued $600M at 0.350% due 2023, $450M at 1.750% due 2031, $450M at 2.800% due 2061.
- Net proceeds of ~$1.4868B after underwriting discounts and expenses.
- Proceeds to partially fund the previously announced Plex Systems acquisition.
- Special mandatory redemption at 101% if Plex acquisition not consummated by Jan 31, 2022.
- Change-of-control repurchase event triggers repurchase at 101% of principal plus interest.