DALLAS, July 23, 2020 /PRNewswire/ -- Lennox
International Inc. (NYSE: LII) today announced the pricing of an
offering of $300 million of 1.350%
notes due 2025 and $300 million of
1.700% notes due 2027. The company intends to use the net proceeds
of the offering to repay indebtedness under its domestic credit
facility and for general corporate purposes. The offering is
scheduled to close on July 30, 2020,
subject to customary closing conditions.
J.P. Morgan, Wells Fargo Securities, BofA Securities and MUFG
are serving as the joint book-running managers of the offering.
The offering is being made under an automatic shelf registration
statement filed with the Securities and Exchange Commission on
October 21, 2019, as amended. The
offering may be made only by means of a prospectus and related
prospectus supplement.
Copies of the prospectus supplement and accompanying prospectus
relating to the offering may be obtained from J.P. Morgan collect
at 1-212-834-4533, Wells Fargo Securities toll-free at
1-800-645-3751, BofA Securities toll-free at 1-800-294-1322 and
MUFG toll-free at 1-877-649-6848. An electronic copy of the
registration statement and prospectus supplement, together with the
prospectus, is available on the SEC's website at www.sec.gov.
This news release does not constitute an offer to sell or a
solicitation of any offer to buy such securities nor shall there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
About Lennox International Inc.
Lennox International Inc. is a global leader in the
heating, air conditioning, and refrigeration markets. Lennox
International Inc. stock is listed on the New York Stock
Exchange and traded under the symbol "LII".
Caution Concerning Forward Looking Statements
The statements in this news release that are not historical
statements, including statements regarding the use of proceeds and
the closing of the offering, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on information
currently available as well as management's assumptions and beliefs
today. These statements are subject to numerous risks and
uncertainties that could cause actual results to differ materially
from the results expressed or implied by the statements, and
investors should not place undue reliance on them. Risks and
uncertainties that could cause actual results to differ materially
from such statements include, but are not limited to: conditions
to, or changes in the timing of, proposed transactions and changes
in the conditions of the securities market, particularly the
markets for debt securities. For information concerning these and
other risks and uncertainties, see LII's publicly available filings
with the Securities and Exchange Commission. LII disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Contact
Lennox International Inc.
Investor Relations
Steve Harrison (972) 497-6670
View original content to download
multimedia:http://www.prnewswire.com/news-releases/lennox-international-announces-pricing-of-600-million-senior-notes-offering-301098512.html
SOURCE Lennox International Inc.