Mueller Water Products Announces Proposed Offering of $425 Million of Senior Notes
June 05 2018 - 4:10PM
Mueller Water Products, Inc. (NYSE:MWA) (the “Company”) announced
today that it is proposing to issue $425,000,000 aggregate
principal amount of senior notes due 2026 (the “Notes”) in a
private offering that is exempt from the registration requirements
of the Securities Act of 1933 (the “Securities Act”).
The Company intends to use the net proceeds from the offering,
together with cash on hand, to repay the Company’s senior secured
term loan.
The Notes will be offered in the United States to persons
reasonably believed to be qualified institutional buyers pursuant
to Rule 144A under the Securities Act and outside the United States
in accordance with Regulation S under the Securities Act. The
offer and sale of the Notes have not been registered under the
Securities Act or the securities laws of any state or other
jurisdiction and may not be offered or sold absent registration or
an applicable exemption from the registration requirements under
the Securities Act and any applicable securities laws of any state
or other jurisdiction.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes, nor shall there
be any sale of the Notes in any state or jurisdiction in which such
offer, solicitation, or sale is unlawful. Any offers of the Notes
will be made only by means of a private offering memorandum.
About Mueller Water Products
Mueller Water Products, Inc. (NYSE:MWA) is a leading
manufacturer and marketer of products and services used in the
transmission, distribution and measurement of water in North
America. Our broad product and service portfolio includes
engineered valves, fire hydrants, metering products and systems,
leak detection and pipe condition assessment. We help
municipalities increase operational efficiencies, improve customer
service and prioritize capital spending, demonstrating why Mueller
Water Products is Where Intelligence Meets Infrastructure®.
Investor Contact: Whit Kincaid 770-206-4116
wkincaid@muellerwp.com
Media Contact: Yolanda Kokayi 770-206-4131
ykokayi@muellerwp.com
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