By Stephanie N. Rotondo
Portland, Ore., Sept. 17 - Ametek Inc. announced Wednesday that it completed a $350 million private placement of senior notes.
The deal comes with two funding dates. The first is $90 million of 6.59% senior notes due September 2015 and $160 million of 7.08% senior notes due September 2018. The two issues were funded on Wednesday.
The second part of the transaction is $35 million of 6.69% senior notes due December 2015 and $65 million of 7.18% senior notes due December 2018. The bonds will be funded on Dec. 17.
Ametek is a Paoli, Pa.-based manufacturer of electronic instruments and electromechanical devices.
| Issuer: | Ametek Inc.
|
| Security description: | Senior notes
|
| Amount: | $350 million
|
| Distribution: | Private placement
|
|
|
| First tranche, seven-year notes
|
| Amount: | $90 million
|
| Coupon: | 6.59%
|
| Maturity: | September 2015
|
| Funding date: | Sept. 17
|
|
|
| First tranche, 10-year notes
|
| Amount: | $160 million
|
| Coupon: | 7.08%
|
| Maturity: | September 2018
|
| Funding date: | Sept. 17
|
|
|
| Second tranche, seven-year notes
|
| Amount: | $35 million
|
| Coupon: | 6.69%
|
| Maturity: | December 2015
|
| Funding date: | Dec. 17
|
|
|
| Second tranche, 10-year notes
|
| Amount: | $65 million
|
| Coupon: | 7.18%
|
| Maturity: | December 2018
|
| Funding date: | Dec. 17
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
