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IDEX to redeem $350 million 4.2% notes due 2021 via new notes
By Marisa Wong
Los Angeles, May 17 – IDEX Corp. plans to redeem all $350 million of its outstanding 4.2% notes due Dec. 15, 2021 using proceeds from an offering of senior notes due June 15, 2031, according to a 424B5 filing with the Securities and Exchange Commission.
Remaining proceeds from the $500 million new notes offering will be used for general corporate purposes.
Based in Lake Forest, Ill., IDEX sells pumps, flow meters and other fluidics systems and components and engineered products.
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