Filed Pursuant to Rule 424(b)(5)
Registration No. 333-277309
The information in this preliminary prospectus supplement is not
complete and may be changed. This preliminary prospectus supplement and accompanying prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not
permitted.
Subject to
completion, dated August 7, 2024
PRELIMINARY PROSPECTUS SUPPLEMENT
(To prospectus dated February 23, 2024)
IDEX CORPORATION
$ % Senior Notes due 2029
We are offering
$ aggregate principal amount of our % Senior Notes due 2029 (the notes). We will pay interest on the notes semi-annually in arrears on and of each year, commencing , 2025. The notes will
mature on , 2029.
Prior to , 20 (one month prior to the maturity date of the
notes) (the Par Call Date), we may redeem the notes at our option, in whole or in part, at any time and from time to time, at the redemption price described in this prospectus supplement under the caption Description of the
NotesOptional Redemption. On or after the Par Call Date, we may redeem the notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus
accrued and unpaid interest thereon to, but excluding, the redemption date. See Description of the NotesOptional Redemption. If we experience a change in control triggering event as described in this prospectus supplement, we may
be required to offer to purchase from holders all or part of their notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest, if any. See Description of the NotesChange of Control
Offer.
We intend to use the net proceeds from this offering, together with available revolving credit facility borrowings and cash
on hand, to (i) fund the cash consideration payable by us for the Mott Acquisition (as defined below) (Mott) and (ii) pay fees and expenses in respect of the foregoing. This offering is not conditioned upon the consummation of
the Mott Acquisition, which, if completed, will occur subsequent to the closing of this offering. We cannot assure you that the Mott Acquisition will be consummated on a timely basis, on the terms described herein, or at all. See
SummaryRecent DevelopmentThe Mott Acquisition and Use of Proceeds.
If (i) the Mott Acquisition
is not consummated on or before the later of (x) November 20, 2024 or (y) such later date to which the outside date under the Mott Acquisition Agreement (as defined below) as in effect on the closing date of this offering may be
extended in accordance with the terms thereof, any such extension to be set forth in an Officers Certificate (as defined below) delivered to the trustee (as defined below) prior to the close of business on November 20, 2024 (the later of
(x) and (y) being referred to herein as the Special Mandatory Redemption End Date), (ii) prior to the Special Mandatory Redemption End Date, the Mott Acquisition Agreement is terminated according to its terms without the closing of
the Mott Acquisition or (iii) we otherwise notify the trustee in writing that we will not pursue the consummation of the Mott Acquisition (any event in clause (i), (ii) or (iii), a Special Mandatory Redemption Event), then we will
be required to redeem the notes at a special mandatory redemption price equal to 101% of the aggregate principal amount of the notes, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date (as defined
below) (subject to the right of holders of the notes of record on the relevant record date to receive interest due on an interest payment date falling prior to the Special Mandatory Redemption Date) (such redemption, a Special Mandatory
Redemption). The net proceeds from this offering will not be deposited into an escrow account pending completion of the Mott Acquisition or any Special Mandatory Redemption, nor will we be required to grant any security interest or other lien
on those proceeds to secure any redemption of the notes. See Description of the NotesSpecial Mandatory Redemption.
The
notes will be our unsecured senior obligations and will rank equal in right of payment to all of our existing and future senior indebtedness.
We do not intend to apply for listing of the notes on any securities exchange or for inclusion of the notes in any automated dealer quotation
system. Currently, there is no public market for the notes.
Investing in the notes involves risks. See Risk Factors on page S-9 of this prospectus supplement and Risk Factors contained in our Annual Report on Form 10-K for the year ended
December 31, 2023, which is incorporated by reference herein, to read about certain risks you should consider before investing in the notes.
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Per note |
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Total |
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Public offering price(1) |
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% |
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$ |
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Underwriting discount and commissions |
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% |
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$ |
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Proceeds, before expenses, to us |
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% |
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$ |
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(1) |
Plus accrued interest from , 2024, if settlement occurs after that date.
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Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these
securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The underwriters expect to deliver the notes only in book-entry form through the facilities of The Depository Trust Company for the accounts
of its participants, including Euroclear Bank SA/ NV, as operator of the Euroclear System, and Clearstream Banking S.A., on or about , 2024, which is the business day following the date hereof.
Joint Book-Running Managers
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Wells Fargo Securities |
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BofA Securities |
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J.P. Morgan |
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PNC Capital Markets LLC |
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The date of this prospectus supplement is , 2024.