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GATES ANNOUNCES PRICING OF $500 MILLION OF 6.875% SENIOR NOTES DUE 2029

GATES ANNOUNCES PRICING OF $500 MILLION OF 6.875% SENIOR NOTES DUE 2029

蓋茨宣佈2029年到期的6.875%優先票據的5億美元定價
PR Newswire ·  05/23 07:01

DENVER, May 22, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates") announced today that its indirect subsidiary, Gates Corporation (the "Issuer" and, together with Gates, the "Company"), finalized the terms of the previously announced offering of $500.0 million aggregate principal amount of 6.875% Senior Notes due 2029 (the "notes"). The notes will be fully and unconditionally guaranteed by Gates Industrial Holdco Limited (the "Parent Guarantor"), an indirect parent company of the Issuer and the direct subsidiary of Gates, and certain other subsidiaries of the Parent Guarantor. Gates anticipates that consummation of the offering will occur on June 4, 2024, subject to customary closing conditions. The Company intends to use the net proceeds from the offering, together with the proceeds of new term loans and cash on hand, to refinance certain indebtedness.

丹佛,2024年5月22日 /PRNewswire/ — 蓋茨工業公司(紐約證券交易所代碼:GTES,“蓋茨”)今天宣佈,其間接子公司蓋茨公司(“發行人”,以及蓋茨共同下稱 “公司”)最終確定了先前宣佈的本金總額爲5億美元的2029年到期的6.875%的優先票據(“票據”)的發行條款。這些票據將由蓋茨工業控股有限公司(“母擔保人”)、發行人的間接母公司和蓋茨的直接子公司以及母公司擔保人的某些其他子公司提供全額無條件的擔保。蓋茨預計,此次發行將於2024年6月4日完成,但須遵守慣例成交條件。公司打算將本次發行的淨收益以及新定期貸款的收益和手頭現金用於爲某些債務再融資。

The notes offered have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes will be offered by the initial purchasers only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.

所發行的票據過去和將來都不會根據經修訂的1933年《證券法》(“證券法”)或任何州證券法進行註冊,除非已註冊,否則不得在美國發行或出售,除非獲得《證券法》和適用的州證券法的註冊要求的豁免或交易不受其約束。這些票據將由初始購買者僅向依據《證券法》第144A條合理認爲是合格機構買家的人員以及依據《證券法》S條在美國境外交易中的非美國人發行。

This press release is being issued pursuant to Rule 135c under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

本新聞稿是根據《證券法》第135c條發佈的,它既不是出售要約,也不是徵求購買任何證券的要約,也不構成出售要約或徵求買入要約,也不構成在該等要約、招攬或出售非法的任何司法管轄區出售任何證券。

About Gates:
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment manufacturers ("first-fit") as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation. Our products are sold in more than 130 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India.

關於蓋茨:
蓋茨是創新、高度工程化的動力傳動和流體動力解決方案的全球製造商。蓋茨向不同的替代渠道客戶提供廣泛的產品組合,並作爲指定組件向原始設備製造商(“first fit”)提供廣泛的產品組合。蓋茨參與工業和消費市場的許多領域。我們的產品在各種終端市場的各種應用中發揮着至關重要的作用,從農業、建築、製造業和能源等惡劣和危險行業,到打印機、電動清洗機、自動門和吸塵器等日常消費類應用,以及幾乎所有形式的運輸。我們的產品銷往四個商業區域的130多個國家:美洲;歐洲、中東和非洲;大中華區;以及東亞和印度。

ForwardLooking Statements and Information:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predicts," "intends," "trends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. These statements include, but are not limited to, statements related to our ability to consummate the offering of the notes and the intended use of the proceeds thereof. Such forward-looking statements are subject to various risks and uncertainties, including, among others, economic, political and other risks associated with international operations, risks inherent to the manufacturing industry, macroeconomic factors beyond the Company's control (including material and logistics availability, inflation, supply chain and labor challenges and end-market recovery), risks related to catastrophic events, continued operation of our manufacturing facilities, including as a result of cybersecurity attacks, our ability to forecast and meet demand, market acceptance of new products, and the significant influence of the Company's large shareholders, investment funds affiliated with Blackstone Inc. Additional factors that could cause the Company's results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2023, filed with the Securities and Exchange Commission, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

向前查看陳述和信息:
本新聞稿包含經修訂的1933年《證券法》第27A條和經修訂的1934年《證券交易法》第21E條所指的前瞻性陳述。在某些情況下,你可以通過使用 “展望”、“相信”、“期望”、“潛力”、“繼續”、“可能”、“將”、“應該”、“可能”、“尋求”、“預測”、“打算”、“計劃”、“估計”、“預期” 等詞語或這些詞語或其他類似詞語的負面版本來識別這些前瞻性陳述。這些聲明包括但不限於與我們完成票據發行的能力及其收益的預期用途有關的聲明。此類前瞻性陳述受各種風險和不確定性的影響,包括與國際運營相關的經濟、政治和其他風險、製造業固有的風險、公司無法控制的宏觀經濟因素(包括材料和物流可用性、通貨膨脹、供應鏈和勞動力挑戰以及終端市場復甦)、與災難性事件相關的風險、我們的製造設施持續運營(包括網絡安全攻擊造成的結果)、我們的預測和滿足能力等需求、市場對新產品的接受度以及公司大股東、黑石公司附屬投資基金的重大影響。可能導致公司業績與前瞻性陳述中描述的業績存在重大差異的其他因素可在公司向美國證券交易委員會提交的截至2023年12月30日財年的10-K表年度報告中題爲 “風險因素” 的部分中找到,因爲這些因素可能會不時更新公司定期申報的時間與美國證券交易委員會合作,可在美國證券交易委員會的網站www.sec.gov上查閱。因此,有或將來會有一些重要因素可能導致實際結果或結果與這些陳述中所示的結果或結果存在重大差異。不應將這些因素解釋爲詳盡無遺,應與公司向美國證券交易委員會提交的文件中包含的其他警示聲明一起閱讀。除非法律要求,否則公司沒有義務公開更新或審查任何前瞻性陳述,無論是由於新信息、未來發展還是其他原因。

SOURCE Gates Industrial Corporation plc

來源:蓋茨工業公司有限公司

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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