Fortune Brands Prices $900 Million Bond Issue
The transaction consists of two tranches:
In advance of the notes offer the Company received the following investment grade ratings: Standard & Poor's BBB, Fitch BBB and Moody's Baa3.
"Our recent acquisition of Norcraft was not only strategic for our
cabinets segment, but also provided an opportunity to secure long-term
debt," said
Copies of the prospectus supplement and the accompanying prospectus
relating to the offering can be obtained from
About Fortune Brands
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain "forward looking statements." Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans and expectations of our management. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated in such statements. Our actual results could differ materially from the results contemplated by these forward-looking statements due to a number of factors, including but not limited to those factors described in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2014, filed with the Securities and Exchange Commission. This press release is for informational purposes only; is neither an offer to sell nor solicitation of an offer to purchase the notes; and does not constitute an offer or sale in any jurisdiction in which, or to any person to whom, such an offer or sale is unlawful. Any offer of the notes will only be made by means of a prospectus.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150609005574/en/
Investor and Media Contact:
847-484-4574
brian.lantz@FBHS.com
Source:
News Provided by Acquire Media