Thomas & Betts Corporation Announces Senior Notes Offering
16 Noviembre 2009 - 8:49AM
Business Wire
Thomas & Betts Corporation (NYSE:TNB), a leading designer
and manufacturer of electrical components used in industrial,
construction, communications and utility markets, announced today
that it intends to offer and sell $250 million aggregate principal
amount of senior notes due 2021, subject to market and other
conditions. The offering will be by means of an underwritten public
offering pursuant to a universal shelf registration filed with the
Securities and Exchange Commission (SEC). Thomas & Betts
intends to use the net proceeds from the offering to refinance $125
million of 7.25 percent unsecured notes due 2013, repay up to $95
million of outstanding indebtedness under the company’s senior
credit facility and for general corporate purposes.
BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are
acting as joint book-running managers. The offering may be made
only by means of a prospectus and related prospectus supplement
which will be filed with the SEC. Interested parties can find the
prospectus supplement online by visiting EDGAR on the SEC website
at www.sec.gov or may obtain a copy from the joint book-running
managers by calling BofA Merrill Lynch at (800) 294-1322, J.P.
Morgan at (212) 834-4533 or Wells Fargo Securities at (800)
326-5897.
A registration statement relating to the notes was filed with
and declared effective by the SEC on December 3, 2008 and is
supplemented by the offering materials noted above. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of these securities in
any state in which such offer, solicitation or sales would be
unlawful prior to registration or qualification under the
securities laws of any state. The notes will be offered only by
means of a prospectus, including the prospectus supplement relating
to the notes, meeting the requirement of Section 10 of the
Securities Act of 1933, as amended.
CORPORATE OVERVIEW
Thomas & Betts Corporation (www.tnb.com) is a leading
designer and manufacturer of electrical components used in
industrial, construction, communications and utility markets. The
company is also a leading producer of commercial heating and
ventilation units and highly engineered steel structures used,
among other things, for utility transmission. Headquartered in
Memphis, Tenn., the company has manufacturing, distribution and
office facilities worldwide. In 2008, the company reported $2.5
billion in net sales.
CAUTIONARY STATEMENT
This press release includes forward-looking statements that are
identified by terms such as "optimistic," "trend," "will," and
"believe." These statements discuss business strategies, economic
outlook and future performance. These forward-looking statements
make assumptions regarding the company's operations, business,
economic and political environment, including, without limitation,
customer demand, government regulation, terrorist acts and acts of
war. Accordingly, these forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties. Actual results may be materially different from any
future results expressed or implied by such forward-looking
statements. Please see the "Risk Factors" section of the company's
Form 10-K for the fiscal year ended December 31, 2008 for further
information related to these uncertainties. The company undertakes
no obligation to publicly release any revisions to any
forward-looking statements contained in this press release to
reflect events or circumstances occurring after the date of this
release or to reflect the occurrence of unanticipated events.
Thomas Betts (NYSE:TNB)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Thomas Betts (NYSE:TNB)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024