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Emerson Electric logoEmerson Electric EMR

Emerson Electric said it completed on March 4, 2025 public offerings of €500,000,000 aggregate principal amount of its 3.000% Notes due 2031, €500,000,000 aggregate principal amount of its 3.500% Notes due 2037, and $500,000,000 aggregate principal amount of its 5.000% Notes due 2035.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Emerson Electric said it completed on March 4, 2025 public offerings of €500,000,000 aggregate principal amount of its 3.000% Notes due 2031, €500,000,000 aggregate principal amount of its 3.500% Notes due 2037, and $500,000,000 aggregate principal amount of its 5.000% Notes due 2035.

  2. The company said the net proceeds from the notes were about $1,536.7 million (before deducting issuance costs). It expects to use them for general corporate purposes, to repay commercial paper, and to fund part of the purchase price for the AspenTech Transaction and related fees and expenses.

  3. The company said the 2031 Notes (3.000%) and 2037 Notes (3.500%) pay interest each year on March 15, the 2035 Notes (5.000%) pay interest each year on March 15 and September 15, and the notes mature in 2031, 2037 and March 15, 2035, respectively.

  4. The company said there can be no assurance that the conditions to the AspenTech Transaction will be satisfied or waived on time or on the anticipated terms, and that the transaction may not be completed. It also said the notes are senior unsecured obligations and rank equally with all of its existing and future unsecured, unsubordinated debt.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Emerson completes €500,000,000 and $500,000,000 bond offerings

Emerson Electric said it completed on March 4, 2025 public offerings of €500,000,000 aggregate principal amount of its 3.000% Notes due 2031, €500,000,000 aggregate principal amount of its 3.500% Notes due 2037, and $500,000,000 aggregate principal amount of its 5.000% Notes due 2035.

Source · Based on the filing body and exhibits

About $1,536.7 million net proceeds and intended uses

The company said the net proceeds from the notes were about $1,536.7 million (before deducting issuance costs). It expects to use them for general corporate purposes, to repay commercial paper, and to fund part of the purchase price for the AspenTech Transaction and related fees and expenses.

Source · Based on the filing body and exhibits

Coupon rates, interest dates and maturities by note

The company said the 2031 Notes (3.000%) and 2037 Notes (3.500%) pay interest each year on March 15, the 2035 Notes (5.000%) pay interest each year on March 15 and September 15, and the notes mature in 2031, 2037 and March 15, 2035, respectively.

Source · Based on the filing body and exhibits

AspenTech deal completion uncertainty and note ranking

The company said there can be no assurance that the conditions to the AspenTech Transaction will be satisfied or waived on time or on the anticipated terms, and that the transaction may not be completed. It also said the notes are senior unsecured obligations and rank equally with all of its existing and future unsecured, unsubordinated debt.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.