IDEX issues $500M of 4.950% senior notes due 2029 to fund Mott acquisition

IDEX CORP /DE/

Issued $500M aggregate principal of 4.950% senior notes due September 1, 2029.
Net proceeds ~$495M after underwriting discount and expenses of ~$1.7M.
Proceeds plus credit facility and cash to fund the previously announced Mott Corporation acquisition.
Notes subject to special mandatory redemption at 101% if Mott deal not closed by November 20, 2024 or terminated.
Interest payable semi-annually on March 1 and September 1, commencing March 1, 2025.

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