IDEX Corporation : Announces Pricing of Public Offering of Senior Notes
12/08/2011| 04:45pm US/Eastern
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IDEX CORPORATION (NYSE: IEX) today announced the pricing of its
public offering of $350 million principal amount of 4.2% Senior Notes
due 2021, with an effective interest rate of 5.4% as a result of the
forward starting swap entered into July 2011. These Senior Notes were
priced under an effective shelf registration statement filed with the
Securities and Exchange Commission.
IDEX intends to use the net proceeds of this offering to repay
outstanding indebtedness under its $700 million domestic, multi-currency
bank revolving credit facility and for general corporate purposes, which
may include strategic acquisitions that complement its business model.
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Wells Fargo Securities, LLC are acting as joint
book-running managers for the offering.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of the
Senior Notes or any other securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. The offering is being made only by means of a
prospectus and the related prospectus supplement. Copies of the
prospectus and related prospectus supplemental regarding the offering of
the Senior Notes may be obtained from:
J.P. Morgan Securities LLC, 383 Madison Avenue, 3rd floor, New
York, NY 10179;
212-834-4533
Merrill Lynch, Pierce, Fenner & Smith Incorporated, 100 West
33rd Street,
New York, NY 10001,
Attention: Prospectus
Department; 800-294-1322
Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675,
Charlotte,
North Carolina 28262;
Attn: Capital Markets Client
Support;1-800-326-5897
Forward-Looking Statements
Certain statements contained herein may constitute "forward-looking
statements" intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include statements about the offering
of the Senior Notes and are based on our reasonable current
expectations. Forward-looking statements may be identified by the use of
forward-looking words, such as "intend" and similar words and phrases.
Factors, among others, that could cause our actual future actions to
differ materially from those described in forward-looking statements
include, but are not limited to market conditions and other factors
described in our SEC filings. Any such forward-looking statements are
not guarantees of future performances and actual results, developments
and business decisions may differ from those contemplated by such
forward-looking statements.
About IDEX
IDEX Corporation is an applied solutions company specializing in fluid
and metering technologies, health and science technologies, dispensing
equipment, and fire, safety and other diversified products built to its
customers' exacting specifications. Its products are sold in niche
markets to a wide range of industries throughout the world. IDEX shares
are traded on the New York Stock Exchange and Chicago Stock Exchange
under the symbol "IEX".
IDEX Corporation
Heath A. Mitts
Vice President ? Chief
Financial Officer
847.498.7070
© Business Wire 2011
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