News Releases

News Releases

Date Title and Summary
Toggle Summary Rexnord Corporation Concludes Review of Strategic Alternatives
MILWAUKEE --(BUSINESS WIRE)--Jun. 12, 2013-- REXNORD CORPORATION (NYSE: RXN) (" Rexnord " or the "Company") today announced that its Board of Directors has concluded its previously announced review of the Company's strategic alternatives. The Board has determined the best alternative to enhance
Toggle Summary Rexnord Corporation Announces Launch of Public Offering of Common Stock by Selling Stockholder
MILWAUKEE --(BUSINESS WIRE)--Jun. 17, 2013-- REXNORD CORPORATION (" Rexnord ") (NYSE: RXN) announced today the launch of a public offering of 11,000,000 shares of its common stock held by certain funds affiliated with Apollo Global Management, LLC (collectively with its subsidiaries, “ Apollo”)
Toggle Summary Rexnord Corporation Announces Pricing of Public Offering of Common Stock by Selling Stockholder
MILWAUKEE --(BUSINESS WIRE)--Jun. 21, 2013-- Rexnord Corporation (“Rexnord”) (NYSE:RXN) announced today the pricing of the previously announced public offering of its common stock held by certain funds affiliated with Apollo Global Management, LLC (collectively with its subsidiaries, “ Apollo”)
Toggle Summary Rexnord Corporation Conference Call to Report First Quarter Fiscal Year 2014 Financial Results
MILWAUKEE --(BUSINESS WIRE)--Jul. 22, 2013-- Rexnord Corporation (NYSE: RXN) will hold a conference call and web presentation on Wednesday, July 31, 2013 at 10:00 a.m. Eastern Time to discuss its first quarter fiscal year 2014 results, provide a general business update and respond to investor
Toggle Summary Rexnord Corporation First Quarter Results for Fiscal 2014
Call scheduled for Wednesday, July 31, 2013 at 10:00 a.m. Eastern Time MILWAUKEE --(BUSINESS WIRE)--Jul. 31, 2013-- Rexnord Corporation (NYSE:RXN): Consolidated Highlights Net sales increased 3% (+3% core sales) to $509 million in the first quarter. Income from operations increased 11% to $61
Toggle Summary Rexnord Corporation Launches Syndication of Senior Secured Credit Facility
MILWAUKEE --(BUSINESS WIRE)--Aug. 7, 2013-- Rexnord Corporation (“Rexnord”) (NYSE: RXN) announced today that its wholly-owned subsidiaries, RBS Global, Inc. and Rexnord LLC , will seek to refinance their senior secured term facilities with a new 7-year term loan in an aggregate amount of
Toggle Summary Rexnord Corporation Announces Tender Offer for 8½% Senior Notes due 2018 and Related Consent Solicitation
MILWAUKEE --(BUSINESS WIRE)--Aug. 7, 2013-- Rexnord Corporation (“Rexnord”) (NYSE:RXN) announced today that its wholly-owned subsidiaries, RBS Global, Inc. and Rexnord LLC (together, the “Issuers”), have launched a cash tender offer to purchase any and all of their outstanding $1,145,000,000
Toggle Summary Rexnord Corporation Completes Refinancing Improved Free Cash Flow and $0.25 to $0.30 Annual EPS Accretion
MILWAUKEE --(BUSINESS WIRE)--Aug. 21, 2013-- Rexnord Corporation (“Rexnord”) (NYSE:RXN) announced today that its wholly-owned subsidiaries, RBS Global, Inc. and Rexnord LLC (together, the “Borrowers”), entered into an amendment to their senior secured credit facilities providing for a new 7-year
Toggle Summary Rexnord Corporation Announces Early Settlement of Tender Offer and Call for Redemption of 8½% Senior Notes due 2018
MILWAUKEE --(BUSINESS WIRE)--Aug. 21, 2013-- Pursuant to their previously announced tender offer and consent solicitation, RBS Global, Inc. and Rexnord LLC (the “Issuers”), which are wholly owned subsidiaries of Rexnord Corporation (“Rexnord”) (NYSE:RXN), received tenders from the holders of
Toggle Summary Rexnord Acquires Micro Precision Gear Technology
MILWAUKEE--(BUSINESS WIRE)--Aug. 23, 2013-- Rexnord (NYSE: RXN) announced today that it has acquired the assets of Micro Precision Gear Technology Limited (“Micro-Precision”), a UK -based manufacturer of specialty precision gears for the aerospace industry.