Pentair planning to sell $500 million three-, seven-year notes Monday

By Andrea Heisinger

New York, Nov. 19 - Pentair Finance SA is expected to price $500 million of notes (Baa2/BBB/) in two maturities on Monday, a syndicate source said.

The offering includes tranches with three-year and seven-year maturities.

Pricing is being done under Rule 144A and Regulation S.

Bank of America Merrill Lynch and J.P. Morgan Securities LLC are running the books.

Proceeds will be used to repay commercial paper as it becomes due and for general corporate purposes.

The unit of the industrial manufacturing company Pentair Ltd. has its U.S. headquarters in Minneapolis and global headquarters in Schaffausen, Switzerland.

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