Rexnord to sell new senior unsecured debt to help fund tender offer

By Paul A. Harris

St. Louis, April 8 - RBS Global, Inc., the parent of Milwaukee-based power transmission and water management products firm Rexnord, plans to sell new unsecured debt to help fund a tender offer.

The company is tendering for $795 million 9½% senior unsecured notes due 2014 issued in 2006, $196.27 million of 9½% senior unsecured notes due 2014 issued in 2009 and $79.002 million of 8 7/8% senior unsecured notes due 2016.

Credit Suisse Securities is the dealer manager.

The tender expires May 4.

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