SPX transfers $600 million 6 7/8% notes to SPX Flow in spinoff

By Angela McDaniels

Tacoma, Wash., Sept. 28 – SPX Corp. reassigned its $600 million of 6 7/8% senior notes due 2017 to SPX Flow Inc., according to an 8-K filing with the Securities and Exchange Commission.

SPX spun off its flow technology and hydraulic technology assets into SPX Flow on Saturday. The reassignment was made in connection with the spinoff.

Following the spinoff, SPX supplies HVAC products, detection and measurement technologies and power equipment, and SPX Flow supplies flow components, process equipment and turn-key systems. Both are based in Charlotte, N.C.

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