SPX Corporation Issues $500M Senior Notes

SPX Corporation issued $500 million aggregate principal amount of 7.625% senior notes due 2014 in a private placement. The notes are unsecured senior obligations guaranteed by domestic subsidiaries.

“On December 13, 2007, SPX Corporation (the “Company”) and each of its subsidiaries guaranteeing the Notes (as defined below) entered into an indenture (the “Indenture”) with U.S. Bank National Association, as trustee, in connection with the Company’s issuance of $500,000,000 aggregate principal amount of the Company’s 7.625% senior notes due 2014 (the “Notes”).”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.