Bli medlem
Bli medlem

Du är här


Hubbell Inc.: Hubbell Incorporated Prices Offering of Senior Notes Due 2026

SHELTON, CT (Feb. 23, 2016) --Hubbell Incorporated (NYSE: HUBB) today
announced that it has successfully priced an offering of $400 million
aggregate principal amount of 3.350% senior notes maturing March 1, 2026.

The offering is expected to close on March 1, 2016, subject to customary
closing conditions. Net proceeds from the offering are expected to be used
for the repayment of outstanding commercial paper borrowings and general
corporate purposes.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner&Smith Incorporated
and HSBC Securities (USA) Inc. acted as joint book-running managers for the

Hubbell has filed a registration statement (including a prospectus) and a
related preliminary prospectus supplement with the SEC for the offering to
which this press release relates. This registration statement became
effective upon filing with the SEC. This press release shall not constitute
an offer to sell or an offer to buy any securities and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The offering may be made only by
means of a prospectus supplement and the accompanying prospectus. Copies of
the prospectus supplement and the accompanying prospectus for the offering
may be obtained by contacting J.P. Morgan Securities LLC collect at
212-834-4533, Merrill Lynch, Pierce, Fenner&Smith Incorporated toll free at
800-294-1322 or HSBC Securities (USA) Inc. toll free at 866-811-8049.

About Hubbell

Hubbell is an international manufacturer of quality electrical and electronic
products for a broad range of non-residential and residential construction,
industrial and utility applications. With 2015 revenues of $3.4 billion,
Hubbell operates manufacturing facilities in the United States and around the

Forward Looking Statements

This press release includes statements that constitute "forward-looking
statements" as defined by the Private Securities Litigation Reform Act of
1995. These include statements about our expected capital resources,
liquidity, financial performance, pension funding, and results of operations
and are based on our reasonable current expectations. In addition, all
statements regarding restructuring plans and expected associated costs and
benefits, intent to repurchase shares of common stock, and the expected
amount of such repurchases, and improvement in operating results, anticipated
market conditions and productivity initiatives are forward looking.
Forward-looking statements may be identified by the use of words, such as
"believe," "expect," "anticipate," "intend," "depend," "should," "plan,"
"estimated," "predict," "could," "may," "subject to," "continues," "growing,"
"prospective," "forecast," "projected," "purport," "might," "if,"
"contemplate," "potential," "pending," "target," "goals," "scheduled," "will
likely be," and similar words and phrases. Discussions of strategies, plans
or intentions often contain forward-looking statements. Important factors,
among others, that could cause our actual results and future actions to
differ materially from those described in forward-looking statements include,
but are not limited to, those described in our Securities and Exchange
Commission filings, including the "Business," "Risk Factors," "Management's
Discussion and Analysis of Financial Condition and Results of Operations" and
"Quantitative and Qualitative Disclosures about Market Risk" sections in our
Annual Report on Form 10-K for the year ended December 31, 2015 and other
documents on file with the SEC. Any such forward-looking statements are not
guarantees of future performances and actual results, developments and
business decisions may differ from those contemplated by such forward-looking
statements. Hubbell disclaims any duty to update any forward-looking
statement, all of which are expressly qualified by the foregoing, other than
as required by law.


Contact: Jonathon Murphy
Hubbell Incorporated
40 Waterview Drive
P.O Box 1000
Shelton, CT 06484
(475) 882-4000


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hubbell Inc. via Globenewswire


Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.