Rockwell Automation to offer $1B in notes

Freeman Staff

March 1, 2019

MILWAUKEE Rockwell Automation, Inc. has priced notes in an aggregate principal amount of $1 billion. The notes will be offered via an underwritten, registered public offering.

One series, consisting of $425 million of notes, will mature in March 2029 and will bear interest at an annual rate of 3.50 percent. A second series, consisting of $575 million of notes, will mature in March 2049 and will bear interest at an annual rate of 4.20 percent. The offering is expected to close today, subject to customary closing conditions.

Rockwell Automation intends to use the net proceeds from the offering to repay outstanding commercial paper and for general corporate purposes.