SPX Corporation Spin-Off of SPX FLOW, Inc.

SPX Corporation is proceeding with the previously announced spin-off of its subsidiary, SPX FLOW, Inc. The spin-off is expected to be completed near the end of the third quarter of 2015, contemporaneously with the initial funding of new credit facilities for both entities.

“The initial funding under the Senior Credit Facilities is subject to the satisfaction of customary closing conditions and is expected to occur near the end of the Company’s third quarter of 2015, substantially contemporaneously with the completion of the Company’s previously announced spin-off of SPX FLOW, Inc.”

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