Illinois Tool Works (ITW) Commences Aggregate $1B Registered Notes Exchange
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Illinois Tool Works Inc. (NYSE: ITW) today announced it has commenced an offer to exchange unregistered Notes for Notes that have been registered under the Securities Act of 1933. The offer includes the exchange of up to $350,000,000 of its registered 3.375% Notes due 2021 and up to $650,000,000 of its registered 4.875% Notes due 2041 (collectively, the "New Notes") for any and all of its outstanding unregistered 3.375% Notes due 2021 and 4.875% Notes due 2041 (collectively, the "Old Notes"). The exchange offer will expire at 5:00 PM EDT time on June 27, 2012, unless extended or terminated. Tenders of Old Notes may be withdrawn at any time on or prior to the expiration date.
The New Notes are substantially identical to the Old Notes, except that the New Notes have been registered under the Securities Act of 1933, as amended, and will not bear any legend restricting their transfer.
The New Notes are substantially identical to the Old Notes, except that the New Notes have been registered under the Securities Act of 1933, as amended, and will not bear any legend restricting their transfer.
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