Carlisle Companies Incorporated (NYSE:CSL) has announced that it has priced its public offering of USD 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, the company said.
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.
Carlisle 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.