Mueller Water Products Announces Pricing of Offering of $450 Million 5.5% Senior Notes due 2026
June 07 2018 - 4:23PM
Mueller Water Products, Inc. (NYSE:MWA) (the “Company”) today
priced an offering of $450,000,000 aggregate principal amount of
5.5% Senior Notes due 2026 (the “Notes”) at par. The Notes
are being offered in a private offering that is exempt from the
registration requirements of the Securities Act of 1933 (the
“Securities Act”).
The Company intends to use the net proceeds from the offering,
together with cash on hand, to repay the Company’s senior secured
term loan.
The Notes will be offered in the United States to
persons reasonably believed to be qualified institutional buyers
pursuant to Rule 144A under the Securities Act and outside the
United States in accordance with Regulation S under the
Securities Act. The offer and sale of the Notes have not been
registered under the Securities Act or the securities laws of any
state or other jurisdiction and may not be offered or sold absent
registration or an applicable exemption from the registration
requirements under the Securities Act and any applicable securities
laws of any state or other jurisdiction.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes, nor shall there
be any sale of the Notes in any state or jurisdiction in which such
offer, solicitation, or sale is unlawful. Any offers of the Notes
will be made only by means of a private offering memorandum.
About Mueller Water Products
Mueller Water Products, Inc. (NYSE:MWA) is a leading
manufacturer and marketer of products and services used in the
transmission, distribution and measurement of water in North
America. Our broad product and service portfolio includes
engineered valves, fire hydrants, metering products and systems,
leak detection and pipe condition assessment. We help
municipalities increase operational efficiencies, improve customer
service and prioritize capital spending, demonstrating why Mueller
Water Products is Where Intelligence Meets Infrastructure®.
Investor Contact: Whit Kincaid 770-206-4116
wkincaid@muellerwp.com
Media Contact: Yolanda Kokayi 770-206-4131
ykokayi@muellerwp.com
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