IDEX Corporation Prices $500 Million Senior Notes
- IDEX Corporation announced the pricing of a public offering of $500 million principal amount of 4.950% Senior Notes due in 2029.
- The company is based in Northbrook, Illinois, specializing in fluidics and specialty engineered products.
- This move is expected to enhance the corporation's financial flexibility and investment opportunities.
NORTHBROOK, Ill. – IDEX Corporation (NYSE: IEX) has announced the pricing of a public offering of $500 million in principal amount of 4.950% Senior Notes, set to mature in 2029. The offering is being managed by Wells Fargo Securities, LLC, BofA Securities, Inc., and J.P. Morgan Securities LLC, who are acting as joint book-running managers. Interested parties can contact Wells Fargo Securities for further details regarding the offering. The company has issued forward-looking statements regarding the anticipated closing of the notes offering and the intended use of the net proceeds. These statements reflect management's current expectations and should not be interpreted as guarantees of future outcomes. IDEX emphasizes that all forward-looking statements are made as of the date of the press release and that the company has no obligation to update these statements unless required by law. IDEX Corporation, founded in 1988, has grown from three small manufacturing companies into a diversified global entity with over 50 businesses. The company employs approximately 8,800 individuals and operates manufacturing facilities in more than 20 countries, generating around $3.3 billion in annual sales. IDEX's precision components play a crucial role in various industries, including electronics, water treatment, and environmental protection. For more information on risk factors related to the offering, IDEX encourages stakeholders to review the company's filings with the SEC, including the prospectus and prospectus supplement associated with the offering.