Summary
Emerson Electric Co. (EMR) filed a Form 8-K on January 20, 2009, to provide updates related to its outstanding debt. The primary purpose of this filing was to add exhibits to the company's existing Registration Statement on Form S-3. These exhibits detail the terms and conditions for a potential issuance of debt, specifically the form of an Underwriting Agreement, Pricing Agreement, and a 4.875% Fixed Rate Note due 2019. This indicates Emerson was likely preparing to raise capital through the issuance of new debt securities. The included exhibits provide important context for investors interested in the company's financing activities and capital structure during a period of economic uncertainty. The filing of the underwriting and pricing agreements suggests active engagement with financial markets to secure funding, while the specific details of the 4.875% Fixed Rate Note offer insight into the terms of potential future borrowings.
Key Highlights
- 1Emerson Electric Co. filed an 8-K on January 20, 2009, to update its Registration Statement on Form S-3.
- 2The filing's primary purpose was to add exhibits related to potential debt offerings.
- 3Key exhibits include the Form of Underwriting Agreement and Form of Pricing Agreement dated January 15, 2009.
- 4A Form of 4.875% Fixed Rate Note due 2019 is also included as an exhibit.
- 5This filing suggests Emerson was preparing to issue new debt securities to raise capital.
- 6The legal opinion and consent of T. G. Westman, Esq. are also part of the filing.