SPX FLOW, Inc. Announces Results of Offer to Purchase

Nov 19, 2015, 16:05 ET from SPX FLOW, Inc.

CHARLOTTE, N.C., Nov. 19, 2015 /PRNewswire/ -- SPX FLOW, Inc. (NYSE: FLOW) announced today the results of its offer (the "Offer") to purchase, all or any part of, its 6.875% Senior Notes due 2017 (CUSIP No. 78469X AC1, ISIN No. US78469XAC11) (the "Notes") at a cash purchase price of 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest, if any, to the payment date. The Offer expired at 10:00 a.m. Eastern time, on November 18, 2015.

The table below sets forth the results of the Offer for the Notes, according to information provided by U.S. Bank National Association, the depositary for the Offer, as of the expiration time.

Title of Notes

CUSIP/ISIN Number

Aggregate Principal Amount Outstanding

Principal
Amount of
Notes Tendered

Principal
Amount of
Notes Accepted

Aggregate
Total
Consideration(1)







6.875% Senior
Notes due 2017

78469X AC1/ US78469XAC11

$600,000,000

$28,000

$28,000

$28,691.74

(1)  The aggregate total consideration (the purchase price together with accrued and unpaid interest from, and including, the last interest payment date for such Notes to, but not including, the payment date) to be paid in respect of all Notes accepted for purchase.

Payment for the Notes accepted pursuant to the Offer will be made on the expected payment date, November 18, 2015. The aggregate purchase price, inclusive of accrued and unpaid interest, payable for the accepted Notes will be $28,691.74.

Holders whose Notes were purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer) representing the same indebtedness to the extent not repurchased, subject to minimum denomination conditions set forth in the Offer to Purchase.

This press release is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell any Notes, nor shall there be any offer, solicitation or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Offer was made solely pursuant to the Offer to Purchase and the related Letter of Transmittal.

For further information, contact U.S. Bank National Association:

U.S. Bank National Association

111 Fillmore Avenue
St. Paul, MN 55107-1402
Attn.: Corporate Actions

Toll free (800) 934-6802

About SPX FLOW, Inc.:

Based in Charlotte, North Carolina, SPX FLOW is a leading global supplier of highly engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services, into the food and beverage, power and energy and industrial end markets. SPX FLOW has approximately $2.5 billion in annual revenues and approximately 8,000 employees with operations in over 35 countries and sales in over 150 countries around the world. To learn more about SPX FLOW, please visit our website at www.spxflow.com.

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these results in conjunction with the company's documents filed with the Securities and Exchange Commission. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. Actual results may differ materially from these statements. The words "expect," "anticipate," "project" and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the company's current complement of businesses, which is subject to change.  Statements in this press release speak only as of the date of this press release, and SPX FLOW disclaims any responsibility to update or revise such statements.

Investor and Media Contact:

Ryan Taylor, Vice President, Communications, Market Insights and Financial Planning 
704-752-4486  
E-mail: investor@spxflow.com

 

SOURCE SPX FLOW, Inc.



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