LAKE FOREST, Ill.--(BUSINESS WIRE)--Jun. 14, 2016--
IDEX CORPORATION (NYSE:IEX) announced today that it has completed
a note purchase agreement for the private placement of $200 million of
senior notes to institutional investors comprised of $100 million in
aggregate principal amount of 3.20% Series A Senior Notes due 2023 (the
“Series A Notes”) and $100 million in aggregate principal amount of
3.37% Series B Senior Notes due 2025 (the “Series B Notes,” and together
with the Series A Notes, the “Notes”).
IDEX intends to use the net proceeds from the offering of the Notes to
reduce outstanding borrowings under its revolving credit facility and
for other general corporate purposes.
The Notes have not been registered under the Securities Act of 1933, as
amended (the “Securities Act”), or any state securities laws and may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and any applicable state securities laws. This press
release does not constitute an offer to sell or a solicitation of an
offer to buy any securities.
About IDEX
IDEX Corporation is an applied solutions company specializing in fluid
and metering technologies, health and science technologies, and fire,
safety and other diversified products built to its customers’ exacting
specifications. IDEX has annual revenues in excess of $2 billion and
sells its products 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”.
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Source: IDEX Corporation
IDEX Corporation
Heath A. Mitts
Senior Vice President –Chief
Financial Officer
847.498.7070