Emerson prices $3B notes offering to fund AspenTech acquisition contribution

EMERSON ELECTRIC CO

Issued $1B each of 2.000% Notes due 2028, 2.200% Notes due 2031, and 2.800% Notes due 2051.
Net proceeds of ~$2.98B will fund ~$6B contribution to AspenTech stockholders as part of merger.
Closing expected Dec 21, 2021; special mandatory redemption at 101% if AspenTech deal fails by Oct 10, 2022.
Underwriters include Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
Notes sold at issue prices of 99.379%-98.903% of principal; public prices slightly higher.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.