DALLAS, Oct. 25, 2016 /PRNewswire/ -- Lennox
International Inc. (NYSE: LII) today announced the pricing of an
offering of $350 million of 3.000%
notes due 2023. The company intends to use the net proceeds of the
offering for working capital and other general corporate purposes,
which may include repurchasing shares of its common stock or
repaying indebtedness. The offering is scheduled to close on
November 3, 2016, subject to
customary closing conditions.
J.P. Morgan and Wells Fargo Securities are serving as the joint
book-running managers of the offering.
The offering is being made under an automatic shelf registration
statement filed with the Securities and Exchange Commission (SEC)
on October 18, 2016. The
offering may be made only by means of a prospectus and related
prospectus supplement.
Copies of the prospectus supplement and accompanying prospectus
relating to the offering, when available, may be obtained from J.P.
Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade
Syndicate Desk – 3rd floor, telephone collect at 212-834-4533 and
Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000,
Minneapolis, MN 55402, Attn: WFS
Customer Service, 1-800-645-3751, email:
wfscustomerservice@wellsfargo.com. An electronic copy of the
registration statement and prospectus supplement, together with the
prospectus, is available on the SEC's website at www.sec.gov.
This news release does not constitute an offer to sell or a
solicitation of any offer to buy such securities nor shall there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
About Lennox International Inc.
Through its subsidiaries, Lennox International Inc. is a leading
global provider of climate control solutions and designs,
manufactures and markets a broad range of products for the heating,
ventilation, air conditioning, and refrigeration markets. Lennox
International stock is traded on the New York Stock Exchange under
the symbol "LII."
Caution Concerning Forward-Looking Statements
The statements in this news release that are not historical
statements, including statements regarding the use of proceeds and
the closing of the offering, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements are subject to numerous risks and
uncertainties, many of which are beyond LII's control, which could
cause actual results to differ materially from the results
expressed or implied by the statements. Risks and
uncertainties that could cause actual results to differ materially
from such statements include, but are not limited to: conditions
to, or changes in the timing of, proposed transactions and changes
in the conditions of the securities market, particularly the
markets for debt securities. For information concerning these and
other risks and uncertainties, see LII's publicly available filings
with the Securities and Exchange Commission. LII disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact:
Lennox International Inc.
Investor Relations
Steve Harrison (972) 497-6670
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SOURCE Lennox International Inc.