OTTAWA (dpa-AFX) - Actuant Corp. (ATU) on Monday announced the closing of its private placement of $300 million aggregate principal amount of 5.625% senior notes due 2022 at an issue price of 100%.
The company will use the net proceeds from the offering to fund the tender offer and consent solicitation for, or the redemption by the Company of, as applicable, its existing 6.875% senior notes due 2017 of which $250 million aggregate principal amount is outstanding. The remaining net proceeds will be used for general corporate purposes.
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