debt
confidence high
sentiment neutral
materiality 0.75
Emerson issues $3B in senior notes to fund portion of AspenTech acquisition
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 approx $2.98B used to fund part of $6.0B contribution to AspenTech stockholders.
- Notes are senior unsecured; redeemable at 101% if AspenTech deal not completed by Oct 10, 2022.
- Interest payable semi-annually starting June 21, 2022.