{"id":450185,"date":"2021-03-03T17:45:17","date_gmt":"2021-03-03T22:45:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450185"},"modified":"2021-03-03T17:45:17","modified_gmt":"2021-03-03T22:45:17","slug":"vontier-announces-pricing-of-private-offering-of-1-6-billion-of-senior-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vontier-announces-pricing-of-private-offering-of-1-6-billion-of-senior-notes\/","title":{"rendered":"Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes<\/b><\/p>\n<p>RALEIGH, N.C.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVontier Corporation (\u201cVontier\u201d) (NYSE: VNT), announced today the pricing of its previously announced private offering of $500 million aggregate principal amount of 1.800% senior notes due 2026 (the \u201c2026 notes\u201d), $500 million aggregate principal amount of 2.400% senior notes due 2028 (the \u201c2028 notes\u201d), and $600 million aggregate principal amount of 2.950% senior notes due 2031 (the \u201c2031 notes\u201d) (collectively, the \u201cNotes\u201d). The Notes will be Vontier\u2019s senior unsecured obligations and will be guaranteed by certain of its subsidiaries. The sale of the Notes is expected to close on March 10, 2021, subject to customary closing conditions.\n<\/p>\n<p>\nVontier expects the net proceeds of the offering to be approximately $1.59 billion, after deducting commissions and before offering expenses payable by Vontier. Vontier intends to use the net proceeds from the offering of the Notes to repay certain of its existing indebtedness, including the repayment in full of its two-year term loan and $400 million of its three-year term loan. It expects to use the remainder of the net proceeds for working capital and other general corporate purposes, which may include capital expenditures, potential acquisitions, or strategic transactions.\n<\/p>\n<p>\nThe issuance of the Notes and the guarantees has not been, and will not be, registered under the Securities Act, or under any U.S. state securities laws or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.\n<\/p>\n<p>\nThis press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.\n<\/p>\n<p><b>ABOUT VONTIER<\/b><\/p>\n<p>\nVontier is a global industrial technology company focused on transportation and mobility solutions. The company\u2019s portfolio of trusted brands includes market-leading expertise in mobility technologies, retail and commercial fueling, fleet management, telematics, vehicle diagnostics and repair, and smart cities end-markets. Vontier\u2019s innovative products, services, and software advance efficiency, safety, security, and environmental compliance worldwide.\n<\/p>\n<p>\nGuided by the proven Vontier Business System and an unwavering commitment to continuous improvement and customer success, Vontier keeps traffic flowing through more than 90,000 intersections, serves more than 260,000 customer fueling sites, monitors more than 480,000 commercial vehicles, and equips over 600,000 auto technicians worldwide. Vontier\u2019s history of innovation, margin profile, and cash flow characteristics are expected to support continued investment across a spectrum of compelling organic and capital deployment growth opportunities. Vontier is mobilizing the future to create a better world.\n<\/p>\n<p><i>Vontier and the Vontier logo are registered trademarks of Vontier Corporation. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. <\/i><\/p>\n<p><b>Cautions Regarding Forward-Looking Statements <\/b><\/p>\n<p>\nCertain statements in this press release, including, among others, the proposed terms of the Notes and the related guarantees, the size of the Notes offering, and the expected use of the proceeds from the sale of the Notes, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often characterized by the use of words such as \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cprojects,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cshould,\u201d or \u201canticipates,\u201d and similar expressions. All forward-looking statements in this press release are made based on Vontier\u2019s current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. Among these factors are economic conditions and markets (including current financial conditions), exchange rate fluctuations, risks associated with decisions to expend cash reserves for various uses in accordance with Vontier\u2019s capital allocation policy such as debt prepayment, stock repurchases or acquisitions rather than to retain such cash for future needs, risks associated with Vontier\u2019s leverage and restrictive covenants in Vontier\u2019s debt agreements that may be in place from time to time, and risks involving governmental regulation. Additional factors that could cause results to differ materially from those projected in the forward-looking statements are contained in Vontier&#8217;s Annual Report on Form 10-K for the year ended December 31, 2020 and other of Vontier\u2019s filings with the SEC. Vontier assumes no obligation to update such information, except as may be required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210303006021r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210303006021\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210303006021\/en\/<\/a><\/span><\/p>\n<p><b>Lisa Curran<br \/>\n<\/b><br \/>Vice President, Investor Relations<br \/>\n<br \/>Vontier Corporation<br \/>\n<br \/>5438 Wade Park Boulevard, Suite 600<br \/>\n<br \/>Raleigh, NC, 27607<br \/>\n<br \/>(984) 275-6000\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America North Carolina<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Transport Technology Trucking Automotive Security Transport Software Supply Chain Management Retail Fleet Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210303006021\/en\/824303\/3\/13278-Vontier_logo_color_rgb--1-.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211; Vontier Corporation (\u201cVontier\u201d) (NYSE: VNT), announced today the pricing of its previously announced private offering of $500 million aggregate principal amount of 1.800% senior notes due 2026 (the \u201c2026 notes\u201d), $500 million aggregate principal amount of 2.400% senior notes due 2028 (the \u201c2028 notes\u201d), and $600 million aggregate principal amount of 2.950% senior notes due 2031 (the \u201c2031 notes\u201d) (collectively, the \u201cNotes\u201d). The Notes will be Vontier\u2019s senior unsecured obligations and will be guaranteed by certain of its subsidiaries. The sale of the Notes is expected to close on March 10, 2021, subject to customary closing conditions. Vontier expects the net proceeds of the offering &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vontier-announces-pricing-of-private-offering-of-1-6-billion-of-senior-notes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450185","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vontier-announces-pricing-of-private-offering-of-1-6-billion-of-senior-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211; Vontier Corporation (\u201cVontier\u201d) (NYSE: VNT), announced today the pricing of its previously announced private offering of $500 million aggregate principal amount of 1.800% senior notes due 2026 (the \u201c2026 notes\u201d), $500 million aggregate principal amount of 2.400% senior notes due 2028 (the \u201c2028 notes\u201d), and $600 million aggregate principal amount of 2.950% senior notes due 2031 (the \u201c2031 notes\u201d) (collectively, the \u201cNotes\u201d). The Notes will be Vontier\u2019s senior unsecured obligations and will be guaranteed by certain of its subsidiaries. The sale of the Notes is expected to close on March 10, 2021, subject to customary closing conditions. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/vontier-announces-pricing-of-private-offering-of-1-6-billion-of-senior-notes\/","og_locale":"en_US","og_type":"article","og_title":"Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes - Market Newsdesk","og_description":"Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211; Vontier Corporation (\u201cVontier\u201d) (NYSE: VNT), announced today the pricing of its previously announced private offering of $500 million aggregate principal amount of 1.800% senior notes due 2026 (the \u201c2026 notes\u201d), $500 million aggregate principal amount of 2.400% senior notes due 2028 (the \u201c2028 notes\u201d), and $600 million aggregate principal amount of 2.950% senior notes due 2031 (the \u201c2031 notes\u201d) (collectively, the \u201cNotes\u201d). The Notes will be Vontier\u2019s senior unsecured obligations and will be guaranteed by certain of its subsidiaries. The sale of the Notes is expected to close on March 10, 2021, subject to customary closing conditions. 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