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Dover Corporation Announces $600 Million Debt Offering

Resource from:  CBCC Likes:2939
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.
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