Xylem Inc. announces closing of offering of $900 million of senior notes

RYE BROOK, N.Y.--()--Xylem Inc. a leading global water technology company, today announced that it has closed its offering of $500 million of 3.250% senior notes due 2026 and $400 million of 4.375% senior notes due 2046.

The Company intends to use the net proceeds of the transaction, together with cash on hand, proceeds from issuances under the Company’s existing commercial paper program and borrowings under a new euro-denominated term loan, to fund the $1.7 billion cash purchase price of its acquisition of the direct and indirect subsidiaries of Sensus Worldwide Limited (other than Sensus Industries Limited).

The senior notes offering was made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (SEC). A final prospectus supplement and accompanying prospectus describing the terms of the offering was filed with the SEC. These documents are available free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1 (800) 831-9146 or Wells Fargo Securities, LLC toll-free at 1 (800) 645-3751. Citigroup Global Markets Inc., Wells Fargo Securities, LLC and J.P. Morgan Securities LLC acted as joint book-running managers for the offering.

About Xylem

Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. Xylem is headquartered in Rye Brook, New York, with 2015 revenues of $3.7 billion and more than 12,500 employees worldwide.

The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all -- that which occurs in nature. For more information, please visit us at www.xylem.com.

Forward-Looking Statements

This press release contains information that may constitute “forward-looking statements.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Generally, the words “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” “believe,” “target,” “will,” “could,” “would,” “should” and similar expressions identify forward-looking statements. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Any statements that are not historical in nature are forward-looking statements, including any statements regarding the intended use of proceeds from the senior notes offering.

Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements. The Company discusses its primary risks under the heading “Risk Factors” in its Annual Report on Form 10-K and from time to time in subsequent reports filed with the Securities and Exchange Commission. All forward-looking statements in this release are based on information currently available to the Company. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

Xylem Inc.
Media:
Jennifer Jacob, +1-914-323-5745
jennifer.jacob@xyleminc.com
or
Investors:
Phil DeSousa, +1-914-323-5930
phil.desousa@xyleminc.com

Release Summary

Xylem Inc. announces closing of offering of $900 million of senior notes

Contacts

Xylem Inc.
Media:
Jennifer Jacob, +1-914-323-5745
jennifer.jacob@xyleminc.com
or
Investors:
Phil DeSousa, +1-914-323-5930
phil.desousa@xyleminc.com