Message :
Required fields
Vontier Corporation (“Vontier”) (NYSE: VNT), announced today the pricing of its previously announced private offering of $500 million aggregate principal amount of 1.800% senior notes due 2026 (the “2026 notes”), $500 million aggregate principal amount of 2.400% senior notes due 2028 (the “2028 notes”), and $600 million aggregate principal amount of 2.950% senior notes due 2031 (the “2031 notes”) (collectively, the “Notes”). The Notes will be Vontier’s senior unsecured obligations and will be guaranteed by certain of its subsidiaries. The sale of the Notes is expected to close on March 10, 2021, subject to customary closing conditions.
Vontier expects the net proceeds of the offering to be approximately $1.59 billion, after deducting commissions and before offering expenses payable by Vontier. Vontier intends to use the net proceeds from the offering of the Notes to repay certain of its existing indebtedness, including the repayment