The shares are listed on the NYSE

Davis Polk advised the underwriters, in connection with SPX Technologies, Inc.’s $500 million SEC-registered offering of 2,659,575 shares of common stock. The proceeds from the offering will be used for working capital and other general corporate purposes, which may include refinancing or repurchasing debt, funding acquisitions or additional assets or businesses, and capital expenditures.

SPX Technologies is a diversified, global supplier of industrial technology equipment, serving the heating, ventilation and cooling (HVAC) and detection and measurement markets. SPX has operations in more than 16 countries and over 4,300 employees. The company’s common stock is listed on the NYSE under the symbol “SPXC”.

The Davis Polk capital markets team included partner Derek Dostal and associate Matt Weaver. Partner Patrick E. Sigmon and associate Georgianna Eck provided tax advice. Members of the Davis Polk team are based in the New York and São Paulo offices.

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