EnPro Industries Announces Offering of $300 Million Senior Notes Due 2022
Resource from: EnPro Industries, Inc. Likes:177
Sep 09,2014
CHARLOTTE, N.C., September 8, 2014 EnPro Industries, Inc. (NYSE: NPO) today announced its intention to offer, subject to market and other conditions, $300 million in aggregate principal amount of its senior notes due 2022 (the -U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
EnPro intends to use a portion of the net proceeds of the offering of the Senior Notes to repay borrowings under its senior secured revolving credit facility made to fund the purchase of any and all of $74.78 million in aggregate principal amount ced on August 11, 2014.
EnPro intends to apply the remaining net proceeds to repay all remaining borrowings and accrued interest outstanding under its senior secured revolving credit facility, to pay fees and expenses related to the offering and the Tender Offer and for other general corporate purposes, which may in the future include retiring any Convertible Debentures not purchased in the Tender Offer.
This press release is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, securities or an offer to purchase, or a solicitation of an offer to purchase, or a call for redemption of, any securities. Any offer of the Senior Notes will be made only by means of a private offering memorandum. The Tender Offer is being made solely pursuant to an offer to purchase and the related letter of transmittal, which set forth the complete terms of the Tender Offer. The Senior Notes are not being registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption
from registration requirements.
Forward-Looking Statements
This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward--K for the year ended December 31, 2013 and its Quarterly Report on Form 10-Q for the period ended June 30, 2014. In addition, it is not certain whether, and EnPro can provide no assurances that, the offering of the Senior Notes will be completed on the terms described above or at all. -
yield debt market conditions.
About EnPro Industries
EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical http://www.enproindustries.com.
(EnPro Industries, Inc.)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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