Illinois Tool Works Inc.
Illinois Tool Works Inc. Announces Issuance of New Notes
Summary
On May 17, 2024, Illinois Tool Works Inc. issued €650 million of 3.250% notes due May 17, 2028, and €850 million of 3.375% notes due May 17, 2032. The issuance was made under the company's Registration Statement on Form S-3 and an Indenture dated November 1, 1986, as supplemented. The notes were sold pursuant to an underwriting agreement dated May 14, 2024.
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About Illinois Tool Works Inc.
Illinois Tool Works Inc. is a multinational manufacturer specializing in industrial equipment and tools. The company is renowned for creating engineered products and systems, serving diverse sectors such as automotive, food, construction, and electronics. Illinois Tool Works Inc. focuses on an 80/20 business process, aiming to generate 80% of its results from its top 20% of products, which allows for efficient operations and concentrated growth. The company's product range includes welding equipment, polymers, fasteners, and warewashing machinery, providing essential solutions that enhance productivity and quality in production processes. Operating globally, Illinois Tool Works Inc. plays a pivotal role in industrial supply chains, driving advancements through innovation and streamlined operations. Founded in 1912 and headquartered in Glenview, Illinois, the organization has solidified its position as a leader in industrial manufacturing, continually impacting key industries with its comprehensive and sustainable solutions.
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