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Kennametal to sell fixed-rate notes via BofA Merrill Lynch, JPMorgan
By Devika Patel
Knoxville, Tenn., June 4 – Kennametal Inc. intends to sell fixed-rate senior notes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
BofA Merrill Lynch and J.P. Morgan Securities LLC are the bookrunners.
Proceeds will be used for the repayment or redemption of the company’s 2.65% senior notes due 2019 and general corporate purposes.
Kennametal is a Latrobe, Pa., manufacturer, marketer and distributor of cutting tools, tooling systems, supplies and technical services and wear-resistant parts.
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