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Timken Prices Public Offering of Senior Unsecured Notes
09/14/2009 - Timken has priced a public offering of $250 million of 6.00% Senior Unsecured Notes due 2014 in an underwritten public offering, which is expected to close on September 14.
The Timken Co. has priced a public offering of $250 million of 6.00% Senior Unsecured Notes due 2014 in an underwritten public offering. The offering is expected to close, subject to customary closing conditions, on September 14.
Net proceeds from the sale of the notes will be used for repayment of the company’s 5.75% notes due February 15, 2010.
J.P. Morgan, Deutsche Bank Securities Inc., Morgan Stanley, and BofA Merrill Lynch are serving as joint book-running managers for the offering.
A registration statement relating to the notes has been filed with and declared effective by the SEC. The offering may be made only by means of a prospectus supplement and the accompanying prospectus.
A copy of the final prospectus supplement and accompanying prospectus may be obtained, when available, by contacting any of the four firms managing this offering.
