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 common stock at a price of $25.50 per share, generating gross proceeds of approximately $440 million for the selling stockholders. All of the shares offered were sold by selling stockholders. The Company will not receive any proceeds from the sale of shares in the offering.

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. 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
Steve Guy (414) 765-7247
Nick Sealy +44 207 667 8370
Jon Fitzsimmons (414) 298-2460
Industrial
Follow-On Offering
Date
June 2014
Company
Rexnord Corporation
Transaction
M&A
Sectors
Industrial
Target Location
North America

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