Your location:  Home  >  Bearing News  >  
<<  Back

Dover Corporation Announces $600 Million Debt Offering

Resource from:  CBCC Likes:2943
Oct 10,2005
NEW YORK, Oct. 5 /PRNewswire-FirstCall/ -- Dover Corporation (NYSE: DOV) announced today that it has agreed to issue $300 million of 4.875% Notes due 2015 and $300 million of 5.375% Debentures due 2035. The net proceeds of the notes and debentures will be used to repay borrowings under Dover's commercial paper program. The notes and debentures are redeemable at the option of Dover in whole or in part at any time at a redemption price that includes a make- whole premium, with accrued interest to the redemption date. The transaction is anticipated to close on October 13, 2005. J.P. Morgan Securities Inc., Greenwich Capital Markets, Inc. and Wachovia Capital Markets, LLC served as joint book-running managers for the 10-Year Notes offering. J.P. Morgan Securities Inc., Banc of America Securities LLC, and Deutsche Bank Securities Inc. served as joint book-running managers for the 30-Year Debentures offering. A copy of the prospectus supplement relating to this offering may be obtained from J.P. Morgan Securities Inc., Distribution and Support Services, 1 Chase Manhattan Plaza, Floor 5B, New York, NY 10081. This press release is not an offer to sell nor is it a solicitation of an offer to buy any securities. Dover Corporation is a diversified industrial manufacturer with approximately $6.0 billion in annualized revenues from operating companies that manufacture specialized industrial products and equipment.
()
【CBCC News Statement】
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.
Previous  Schaffler develops energy-efficient bearings

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.