Timken Prices Public Offering of $250 Million Senior Unsecured Notes due 2014
09 Settembre 2009 - 11:00PM
Business Wire
The Timken Company (NYSE: TKR) announced that it has priced a
public offering of $250 million of 6.00% Senior Unsecured Notes due
2014 (the “Notes”) in an underwritten public offering. The offering
is expected to close, subject to customary closing conditions, on
September 14, 2009.
Net proceeds from the sale of the Notes will be used for
repayment of the company’s 5.75% notes due February 15, 2010.
J.P. Morgan, Deutsche Bank Securities Inc., Morgan Stanley and
BofA Merrill Lynch are serving as joint book-running managers for
the offering.
A registration statement relating to the Notes has been filed
with and declared effective by the SEC. The offering may be made
only by means of a prospectus supplement and the accompanying
prospectus. A copy of the final prospectus supplement and
accompanying prospectus relating to this offering may be obtained,
when available, by contacting J.P. Morgan collect at
1-212-834-4533, Deutsche Bank Securities Inc. toll free at
1-800-503-4611, Morgan Stanley toll free at 1-866-718-1649 or BofA
Merrill Lynch toll free at 1-800-294-1322.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Notes or any other
securities, nor will there be any sale of the Notes or any other
securities in any state or jurisdiction in which such an offer,
solicitation or sale is not permitted.
About The Timken
Company
The Timken Company keeps the world turning, with innovative
friction management and power transmission products and services,
enabling our customers’ machinery to perform more efficiently and
reliably. With sales of $5.7 billion in 2008 and operations in 26
countries, Timken is Where You Turn™ for better performance.
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