Kennametal Inc. $300 Million Notes Offering

Davis Polk advised the joint book-running managers on an SEC-registered offering by Kennametal Inc. of $300 million aggregate principal amount of 4.625% senior notes due 2028.  

Kennametal is a global leader in the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and mission-critical wear applications to combat extreme conditions associated with wear fatigue, corrosion and high temperatures. Kennametal’s product offering includes a wide selection of standard and customized technologies for metalworking applications, such as turning, milling, hole making, tooling systems and services.

The Davis Polk team included partner Derek Dostal, associate Rahim Manji and summer law clerk Devon D. Willitts. The environmental team included counsel Loyti Cheng. Partner Michael Mollerus, associate Christina L. Tacoronti and summer law clerk Shannon Kahlden provided tax advice. All members of the Davis Polk team are based in the New York office.