Illinois Tool Works Inc. Commences Registered Exchange Offer

GLENVIEW, Ill., May 30, 2012 /PRNewswire/ -- Illinois Tool Works Inc. (NYSE: ITW) today announced it has commenced an offer to exchange unregistered Notes for Notes that have been registered under the Securities Act of 1933. The offer includes the exchange of up to $350,000,000 of its registered 3.375% Notes due 2021 and up to $650,000,000 of its registered 4.875% Notes due 2041 (collectively, the "New Notes") for any and all of its outstanding unregistered 3.375% Notes due 2021 and 4.875% Notes due 2041 (collectively, the "Old Notes").  The exchange offer will expire at 5:00 PM EDT time on June 27, 2012, unless extended or terminated.  Tenders of Old Notes may be withdrawn at any time on or prior to the expiration date.

The New Notes are substantially identical to the Old Notes, except that the New Notes have been registered under the Securities Act of 1933, as amended, and will not bear any legend restricting their transfer.

The terms of the exchange offer and other information relating to Illinois Tool Works Inc. are set forth in a prospectus dated May 30, 2012.  Copies of the prospectus and related letter of transmittal can be obtained from the exchange agent, The Bank of New York Mellon Trust Company, N.A. at 212-815-2742.

This press release does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities.  The exchange offer is being made only pursuant to a prospectus dated May 30, 2012 and related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

Celebrating its 100-year anniversary in 2012, ITW is a Fortune 150 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The Company focuses on profitable growth and strong returns across worldwide platforms and businesses. These businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's revenues totaled $17.8 billion in 2011, with more than half of these revenues generated outside of the United States.

SOURCE Illinois Tool Works Inc.


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