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Emerson Electric to price $1 billion of notes due 2021, 2025 on Monday
By Aleesia Forni
Virginia Beach, May 18 – Emerson Electric Co. is in Monday’s market with a $1 billion sale of senior notes due 2021 and 2025, according to a market source and a 424B5 filing with the Securities and Exchange Commission.
The bookrunners are J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Barclays, BNP Paribas Securities Corp. and HSBC Securities.
Proceeds will be used for general corporate purposes including repayment of commercial paper borrowings.
The engineering company is based in Ferguson, Mo.
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