SPX Corporation Issues $600M Senior Notes

SPX Corporation issued $600 million aggregate principal amount of 6.875% senior notes due 2017 in a private placement. The notes are unsecured senior obligations guaranteed by domestic subsidiaries, with J.P. Morgan Securities Inc. acting as representative of the initial purchasers.

“On August 16, 2010, 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 $600,000,000 aggregate principal amount of the Company’s 6.875% senior notes due 2017 (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.