Issuer:
|
IDEX Corporation | |
Principal Amount:
|
$300,000,000 | |
Maturity Date:
|
December 15, 2020 | |
Coupon (Interest Rate):
|
4.500% | |
Price:
|
99.473% | |
Yield to Maturity:
|
4.566% | |
Spread to Benchmark Treasury:
|
+160 bps | |
Benchmark Treasury:
|
UST 2.625% due November 15, 2020 | |
Benchmark Treasury Price and Yield:
|
97-02+ 2.966% | |
Interest Payment Dates:
|
June 15 and December 15, commencing June 15, 2011 | |
Make-whole call:
|
Make-whole at T+25 bps (before three months prior to the Maturity Date) | |
Par call:
|
At any time on or after three months prior to the maturity date, the notes will be redeemable as a whole or in part, at our option, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest on the notes to be redeemed to the date of redemption. | |
Settlement Date:
|
T+3; December 6, 2010 | |
CUSIP/ISIN:
|
45167R AE4 / US45167RAE45 | |
Ratings*:
|
Baa2/BBB/BBB+ | |
Use of Proceeds:
|
We intend to use approximately $250 million of the net proceeds of this offering to repay a portion of the outstanding indebtedness under our domestic, multicurrency bank revolving credit facility. The balance of our net proceeds will be used for general corporate purposes, which may include strategic acquisitions that complement our business model. | |
Joint Book-Running Managers:
|
J.P. Morgan Securities LLC | |
Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
Barclays Capital Inc. | ||
Senior Co-Managers:
|
Mitsubishi UFJ Securities (USA), Inc. | |
Mizuho Securities USA Inc. | ||
Wells Fargo Securities, LLC | ||
U.S. Bancorp Investments, Inc. | ||
Co-Managers:
|
BMO Capital Markets Corp. | |
PNC Capital Markets LLC | ||
The Williams Capital Group, L.P. |