Rockwell Automation plans to price 10- and 30-year notes

By Cristal Cody

Tupelo, Miss., Feb. 27 – Rockwell Automation, Inc. intends to price a two-tranche offering of notes (A3/A/A), according to a 424B5 filing with the Securities and Exchange Commission on Wednesday.

The deal includes notes due 2029 and 2049.

The issuance will total $1 billion, according to a Fitch Ratings news release.

Both tranches will have make-whole and par calls and a 101% change-of-control put.

BofA Merrill Lynch, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the bookrunners.

Proceeds will be used to repay outstanding commercial paper and for general corporate purpose.

The industrial automation and information company is based in Milwaukee.

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