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Rexnord $500 Million Notes Offering
12/7/2017

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A/Regulation S offering of $500 million aggregate principal amount of Rexnord LLC’s and RBS Global, Inc.’s (together, “Rexnord”) 4.875% senior notes due 2025. Rexnord has used the net proceeds of the offering, together with available cash, to reduce the aggregate principal amount of outstanding term loans under an existing credit agreement.

Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 8,000 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly engineered mechanical components used within complex systems, and the Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Rexnord is a portfolio company of Apollo Global Management, LLC, which had approximately $242 billion in total assets under management as of September 30, 2017. 

The Davis Polk capital markets team included partners Michael Kaplan and associates Ferrell Maguire Keel, Jenny J. Choi and Carrie Guo. Partner Lucy W. Farr provided tax advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.