Rexnord to tender for 10 1/8% notes due 2012

By Jennifer Chiou

New York, May 25 - Rexnord Corp. announced plans for a tender offer and consent solicitation for its 10 1/8% senior subordinated notes due 2012.

The company said the offer and solicitation are part of its purchase by Apollo Management from The Carlyle Group.

The offer is conditioned upon the acquisition, which is expected to close in the third quarter.

Based in Milwaukee, Wis., Rexnord manufactures precision motion technology products, primarily focused on power transmission.

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