Dover Corporation: Dover Announces Closing Of €600 Million Notes Offering
DOVER ANNOUNCES CLOSING OF €600 MILLION NOTES OFFERING
Downers Grove, IL, November 9, 2016 - Dover (NYSE: DOV) announced today that it closed its offering of €600 million aggregate principal amount of 1.250% Notes due 2026. The net proceeds from the sale of the notes will be used for general corporate purposes, which may include repayment of commercial paper or, depending on timing considerations, the payment of a portion of the purchase price of Wayne Fueling Systems, Ltd.
BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities, Citigroup and Deutsche Bank acted as the joint book-running managers for the offering. The notes were issued pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission.
The notes were offered by means of the prospectus supplement and accompanying prospectus for the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the offered notes, nor shall there be any sale of the notes 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.
Dover is a diversified global manufacturer with annual revenue approaching $7 billion. We deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of 26,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at www.dovercorporation.com.
Forward Looking Statements:
Dover makes information available to the public, orally and in writing, which may use words like "anticipates," "expects," "believes," "indicates," "suggests," "will," "plans" and "should," which are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements concerning future events and the performance of Dover that involve inherent risks and uncertainties that could cause actual results to differ materially from current expectations. Dover refers you to the documents that it files from time to time with the Securities and Exchange Commission, such as its reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of risks and uncertainties that could cause its actual results to differ materially from its current expectations and from the forward-looking statements contained in this press release. Dover undertakes no obligation to update any forward-looking statement.
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