New Issue: Emerson Electric sells $750 million 0.875% notes due 2026 at 99.712

By Devika Patel

Knoxville, Tenn., Sept. 17 – Emerson Electric Co. priced $750 million of 0.875% six-year notes on Thursday at 99.712 to yield 0.924% with a spread of Treasuries plus 65 basis points, according to an FWP filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used to repay commercial paper, for general corporate purposes and to pay a portion of the purchase price for the company’s planned acquisition of Open Systems International, Inc.

Emerson is a St. Louis-based technology and engineering company.

Issuer:	Emerson Electric Co.
Amount:	$750 million
Description:	Notes
Maturity:	Oct. 15, 2026
Bookrunners:	Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
Co-managers:	BofA Securities Inc., Barclays, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Wells Fargo Securities LLC
Coupon:	0.875%
Price:	99.712
Yield:	0.924%
Spread:	Treasuries plus 65 bps
Call:	Make-whole call at Treasuries plus 10 bps until Sept. 15, 2026, then a par call
Trade date:	Sept. 17
Settlement date:	Sept. 22
Distribution:	SEC registered

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