Snap-on plans to issue fixed-rate notes via three bookrunners

By Devika Patel

Knoxville, Tenn., April 27 – Snap-on Inc. plans to price fixed-rate notes (//A), according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have a make-whole call and then a par call.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used to repay the company’s outstanding commercial paper and for general corporate purposes.

The tool and equipment manufacturer is based in Kenosha, Wis.

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