Follow-On Offering

Industrial
Follow-On Offering

Summary

Baird served as an active bookrunner on this offering.

About

Rexnord Corporation (“Rexnord” or the “Company”) (NYSE: RXN) recently completed a follow-on offering of 17,250,000 shares of its common stock at a price of $25.75 per share, generating gross proceeds of approximately $444 million. A total of 3,000,000 shares were sold by the Company, and 14,250,000 shares were sold by selling stockholders, which included Apollo Global Management. The Company expects to use the net proceeds from the sale of primary shares for general corporate purposes. Rexnord will not receive proceeds associated with the shares sold by the selling stockholders.

Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 7,500 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. Rexnord is headquartered in Milwaukee, Wisconsin.

For additional information about this transaction, please contact:

Joe Packee (414) 298-7644
David Wierman (404) 264-2211
Lance Lange (414) 765-7079
Jon Fitzsimmons (414) 298-2460
Steve Guy (414) 765-7247
Nick Sealy +44 207 667 8370
Industrial
Follow-On Offering
Date
January 2014
Company
Rexnord Corporation
Transaction
M&A
Sectors
Industrial
Target Location
North America

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