Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Applied Industrial Technologies, Inc. > News item |
Applied Industrial Technologies, Black Hills and Mettler-Toledo announce note placements
By Lisa Kerner
Charlotte, N.C., July 2 – Applied Industrial Technologies, Inc. issued $120 million of 3.19% series C notes due 2022 to Prudential Investment Management, Inc.
Proceeds will be used to fund acquisitions and for general corporate purposes, according to an 8-K filing with the Securities and Exchange Commission.
Applied Industrial is an industrial distributor based in Cleveland.
Two subsidiaries of Black Hills Corp. agreed on Monday to privately place first mortgage bonds totaling $160 million on Oct. 1.
Black Hills Power, Inc. agreed to place $85 million of 4.43% first mortgage bonds, series AG, due 2044.
Under a separate agreement, subsidiary Cheyenne Light, Fuel and Power Co. will place $75 million of 4.53% first mortgage bonds, series 2014, due 2044.
Proceeds will be used primarily to finance construction of a natural gas generating station, according to an 8-K filing.
Black Hills is a Rapid City, S.D.-based energy company.
Mettler-Toledo International Inc. agreed on Friday to place senior notes totaling $250 million to accredited institutional investors, according to an 8-K filing.
On Sept. 19, the company will issue $125 million of 3.84% series 2014-A senior notes, tranche 1, due 2024.
Mettler-Toledo will issue $125 million of 4.24% series 2014-A senior notes, tranche 2, due 2025 on June 25, 2015.
Proceeds may be used to refinance debt and for other general corporate purposes.
Mettler-Toledo is a Columbus, Ohio-based supplier of precision instruments and services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.