Emerson Electric Co.
Emerson Electric Announces New Euro and Dollar-Denominated Notes Offerings
Summary
On February 25, 2025, Emerson Electric Co. entered into agreements with underwriters for the public offering of €500,000,000 aggregate principal amount of 3.000% Notes due 2031 and 3.500% Notes due 2037 (Euro-Denominated Notes) and $500,000,000 aggregate principal amount of 5.000% Notes due 2035 (U.S. Dollar-Denominated Notes). The Euro-Denominated Notes are being sold to the underwriters at an issue price of 99.561% and 99.270% of the principal amount, respectively, and offered to the public at 99.936% and 99.770% of the principal amount. The U.S. Dollar-Denominated Notes are being sold at an issue price of 99.454% of the principal amount and offered at 99.904% of the principal amount. The offerings are expected to close on March 4, 2025, and are part of the Company's automatic shelf registration statement. The net proceeds will be used for general corporate purposes and to fund a portion of the purchase price in the proposed acquisition of Aspen Technology, Inc.
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About Emerson Electric Co.
Emerson Electric Co. is a multinational corporation that specializes in technology and engineering. The company focuses on providing innovative solutions for industrial, commercial, and consumer markets. Emerson Electric's primary function is to develop and integrate automation technologies and software, enabling companies to optimize performance, reduce energy consumption, and increase operational efficiency. Notable sectors impacted by Emerson Electric include process automation industries such as oil and gas, chemical, and utilities, where precision and efficiency are crucial. Emerson also serves sectors like residential and commercial construction with products to manage facility infrastructure better. Their HVAC technologies and tools play a significant role in maintaining climate systems and improving energy efficiency. Established in 1890 and headquartered in St. Louis, Missouri, Emerson Electric Co. has evolved into a market leader, leveraging its global reach and extensive product portfolio to drive advancements in automation and technology solutions. Its consistent focus on innovation and quality positions Emerson Electric as a crucial player in powering and improving the world's essential services and technologies.
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