Carlisle Companies Announces Pricing of Senior Notes Offering
February 13 2020 - 5:33PM
Business Wire
Carlisle Companies Incorporated (NYSE:CSL) (“Carlisle”) today
announced that it has priced its public offering of $750 million in
aggregate principal amount of its 2.750% senior notes due 2030 (the
“Notes”). Carlisle expects the offering to close on February 28,
2020, subject to customary closing conditions.
Carlisle intends to use the net proceeds from the offering to
redeem all of its outstanding 5.125% senior notes due 2020, with
the remainder to be used for general corporate purposes, including
paying expenses related to its recent acquisitions.
J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells
Fargo Securities, LLC are acting as the joint book-running managers
for the offering.
This press release does not constitute an offer to sell or the
solicitation of an offer to purchase the Notes. No offer,
solicitation or sale will be made in any jurisdiction in which such
an offer, solicitation or sale would be unlawful.
The offering was made under an automatic shelf registration
statement that was filed with the Securities and Exchange
Commission on November 8, 2017. The offering of the Notes may be
made only by means of a prospectus supplement and accompanying
prospectus, copies of which may be obtained by visiting EDGAR on
the SEC's website at www.sec.gov or by contacting J.P. Morgan
Securities LLC collect at 1-212-834-4533, BofA Securities, Inc. at
1-800-294-1322 or Wells Fargo Securities, LLC at
1-800-645-3751.
About Carlisle Companies
Incorporated
Carlisle Companies Incorporated is a diversified, global
portfolio of niche brands and businesses that manufactures highly
engineered products and solutions for our customers. Carlisle is
committed to generating superior shareholder returns by combining a
unique management style of decentralization, entrepreneurial
spirit, active M&A, and a balanced approach to capital
deployment, all with a culture of continuous improvement as
embodied in the Carlisle Operating System. Carlisle’s markets
include: commercial roofing, specialty polyurethane, architectural
metal, aerospace, medical, defense, transportation, industrial,
protective coating, auto refinishing, agriculture, mining, and
construction.
Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, such as statements regarding the Notes offering and the use
of proceeds therefrom. Forward-looking statements generally use
words such as “expect,” “foresee,” “anticipate,” “believe,”
“project,” “should,” “estimate,” “will,” “plans,” “forecast,” and
similar expressions, and reflect our expectations concerning the
future. It is possible that our future performance may differ
materially from current expectations expressed in these
forward-looking statements, due to a variety of factors such as:
increasing price and product/service competition by foreign and
domestic competitors, including new entrants; technological
developments and changes; the ability to continue to introduce
competitive new products and services on a timely, cost-effective
basis; our mix of products/services; increases in raw material
costs which cannot be recovered in product pricing; domestic and
foreign governmental and public policy changes including
environmental and industry regulations; threats associated with and
efforts to combat terrorism; protection and validity of patent and
other intellectual property rights; the successful integration and
identification of our strategic acquisitions; the cyclical nature
of our businesses; and the outcome of pending and future litigation
and governmental proceedings. In addition, such statements could be
affected by general industry and market conditions and growth
rates, the condition of the financial and credit markets, and
general domestic and international economic conditions including
interest rate and currency exchange rate fluctuations. Further, any
conflict in the international arena may adversely affect general
market conditions and our future performance. We refer you to the
documents we file from time to time with the Securities and
Exchange Commission, such as our reports on Form 10-K, Form 10-Q
and Form 8-K, for a discussion of these and other risks and
uncertainties that could cause our actual results to differ
materially from our current expectations and from the
forward-looking statements contained in this press release. We
undertake no obligation to update any forward-looking
statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20200213005943/en/
Jim Giannakouros, CFA Vice President of Investor Relations and
FP&A Carlisle Companies Incorporated (480) 781-5135
jgiannakouros@carlisle.com
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