debt
confidence high
sentiment neutral
materiality 0.50
ITW issues $1.5B of 4.650% notes due 2029 to repay commercial paper
ILLINOIS TOOL WORKS INC
- Issued $1.5B aggregate principal of 4.650% notes maturing Aug 13, 2029.
- Interest payable semi-annually on Feb 13 and Aug 13, beginning Feb 13, 2027.
- Net proceeds to repay commercial paper; remainder for general corporate purposes.
- Underwriting agreement with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC.
- Notes issued under shelf registration 333-297334; dated Aug 13, 2026.