MILWAUKEE--(BUSINESS WIRE)--Aug. 11, 2014--
Rexnord Corporation (“Rexnord”) (NYSE:RXN) announced today the launch of
a public offering of 10,000,000 shares of its common stock held by
certain funds affiliated with Apollo Global Management, LLC
(collectively with its subsidiaries, “Apollo”) (NYSE:APO). The Apollo
funds will be the only selling stockholders. Rexnord will not issue
shares in the offering and will not receive any proceeds from the sale
of the shares by the Apollo funds in this offering.
Deutsche Bank Securities is acting as the sole underwriter for the
offering, and proposes to offer the shares of common stock from time to
time for sale in one or more transactions on the New York Stock
Exchange, in the over-the-counter market, through negotiated
transactions or otherwise at prevailing market prices, at prices related
to prevailing market prices or at negotiated prices.
Rexnord has filed a registration statement (including a prospectus) with
the Securities and Exchange Commission (the “SEC”) for the offering to
which this communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents Rexnord
has filed with the SEC for more complete information about Rexnord and
the offering. You may get these documents for free by visiting EDGAR on
the SEC website at www.sec.gov.
Alternatively, Rexnord, the underwriter or any dealer participating in
the offering will arrange to send you a prospectus if you request it by
contacting Deutsche Bank Securities, Attn: Prospectus Group, 60 Wall
Street, New York, NY 10005-2836, prospectus.cpdg@db.com, (800) 503-4611.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor does it constitute
an offer, solicitation or sale of these securities in any jurisdiction
in which such offer, solicitation or sale is unlawful. The offering may
be made only by means of a prospectus and a related prospectus
supplement.
About Rexnord
Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two
strategic platforms, Process & Motion Control and Water Management, with
approximately 7,400 employees worldwide. The Process & Motion Control
platform designs, manufactures, markets and services specified,
highly-engineered mechanical components used within complex systems. The
Water Management platform designs, procures, manufactures and markets
products that provide and enhance water quality, safety, flow control
and conservation.
Cautionary Statement on Forward-Looking Statements
Information in this release may involve outlook, expectations, beliefs,
plans, intentions, strategies or other statements regarding the future,
which are forward-looking statements. These forward-looking statements
involve risks and uncertainties. All forward-looking statements included
in this release are based upon information available to Rexnord
Corporation as of the date of the release, and Rexnord Corporation
assumes no obligation to update any such forward-looking statements. The
statements in this release are not guarantees of future performance, and
actual results could differ materially from current expectations.
Numerous factors could cause or contribute to such differences. Please
refer to “Risk Factors” and “Cautionary Notice Regarding Forward-Looking
Statements” in the Company's Form 10-K for the fiscal year ended March
31, 2014 as well as the Company's annual, quarterly and current reports
filed on Forms 10-K, 10-Q and 8-K from time to time with the Securities
and Exchange Commission for a further discussion of the factors and
risks associated with the business.
Source: Rexnord
Rexnord
Rob McCarthy, 414.643.2278
Vice President – Investor
Relations