News Releases

News Releases

Date Title and Summary
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 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 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 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 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 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 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 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 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