Carlisle Companies Incorporated Announces Completion of $1 Billion Senior Notes Offering
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Carlisle Companies Incorporated (NYSE:CSL) announced today that it has
successfully closed an underwritten public offering of $1,000,000,000
aggregate principal amount of senior notes, consisting of $400,000,000
aggregate principal amount of 3.500% notes due 2024, and $600,000,000
aggregate principal amount of 3.750% notes due 2027.
BofA Merrill Lynch, J.P. Morgan, SunTrust Robinson Humphrey and Wells
Fargo Securities acted as joint book-running managers in connection with
Carlisle will use the net proceeds from the sale of the notes to repay
outstanding indebtedness under its credit facility, including
indebtedness incurred to fund the acquisition of Accella Performance
Materials, and for general corporate purposes.
The notes were offered pursuant to an effective registration statement
on Form S-3 (File No. 333-221410), a related prospectus and a prospectus
supplement, each as filed with the Securities and Exchange Commission.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the notes, nor does it constitute
an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a diversified, global portfolio of
niche brands and businesses with highly engineered and high margin
products. 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, agriculture, mining, construction, aerospace, defense,
foodservice, healthcare, sanitary maintenance, transportation,
industrial, protective coating and auto refinishing. Carlisle’s
worldwide team of employees generated $3.7 billion in net sales in 2016.
Learn more about Carlisle at www.carlisle.com.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
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.
Carlisle Companies Inc.
Steven J. Ford, 480-781-5000
President of Investor Relations, Secretary and General Counsel