Rockwell Automation Announces Notes Offering

Rhea-AI Summary

Rockwell Automation (NYSE: ROK) has announced its plans to offer three series of notes, depending on market conditions. The proceeds will be used to help finance the anticipated acquisition of Plex Systems. BofA Securities, Goldman Sachs, Loop Capital Markets, and Wells Fargo Securities are the joint book-running managers for this offering. The announcement clarifies that it does not constitute an offer to sell securities in jurisdictions where such offers are not permitted.

Positive

• Proceeds from the notes offering are aimed at funding the acquisition of Plex Systems.

Negative

• None.

Rockwell Automation, Inc. (NYSE: ROK) today announced that it is offering three series of its notes, subject to market and other conditions.

Rockwell Automation intends to use the net proceeds it receives from this offering to partially fund the purchase price in its anticipated acquisition of Plex Systems.

BofA Securities, Inc., Goldman Sachs & Co. LLC, Loop Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

This news release is not an offer to sell and is not soliciting an offer to buy any of the securities, nor will there be any offer or sale of the securities in any jurisdiction where the offer or sale is not permitted. The offering of securities may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus relating to the offering can be obtained from:

BofA Securities, Inc.
200 North College Street, 3rd Floor, NC1-004-03-43
Charlotte, North Carolina 28255-0001
Attn: Prospectus Department
Telephone: +1-800-294-1322
Email: dg.prospectus_requests@bofa.com

Goldman Sachs & Co. LLC
Prospectus Department
200 West Street
New York, NY 10282
Telephone +1-866-471-2526
Email: prospectus-ny@ny.email.gs.com

Loop Capital Markets LLC
111 W. Jackson Blvd. #1901
Chicago, IL 60604
Telephone: +1-312-913-4900
Email: prospectus@loopcapital.com

Wells Fargo Securities, LLC
608 2nd Avenue South, Suite 1000
Minneapolis, MN 55402
Attn: WFS Customer Service
Telephone: +1-800-645-3751
Email: wfscustomerservice@wellsfargo.com

Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 24,000 problem solvers dedicated to our customers in more than 100 countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005749/en/

FAQ

What is Rockwell Automation's recent announcement regarding ROK stock?

Rockwell Automation announced it will offer three series of notes to partially fund its acquisition of Plex Systems.

Who are the managers for the Rockwell Automation notes offering?

BofA Securities, Goldman Sachs, Loop Capital Markets, and Wells Fargo Securities are acting as joint book-running managers.

What are the intended uses for the proceeds from the Rockwell Automation offering?

The proceeds will be used to partially fund the purchase price for the acquisition of Plex Systems.

Is the offering of securities for Rockwell Automation immediately available?

No, the offering is subject to market conditions and is not an offer to sell in jurisdictions where it is not permitted.