Itron Prices Private Placement of 5% Notes Due 2026 for USD300 Million

Published: Dec 05 2017
Deal Summary

Itron, Inc, a company engaged in providing technology and services to the utility market, has priced the private placement of 5% senior notes due 2026, for gross proceeds of USD300 million. The offering will be subscribed to by qualified institutional buyers.

The offering of the Notes is part of the financing of the merger consideration for the previously announced acquisition of Silver Spring Networks.

The company intends to use the net proceeds from the offering, together with cash on hand and borrowings under its senior credit facilities, to fund the merger consideration of the Silver Spring Acquisition, refinance its existing indebtedness and Silver Spring indebtedness and pay fees and expenses in connection with the foregoing.

Deal History:

Announced: On December 5, 2017, Itron has announced a private placement of senior notes due 2025, for gross proceeds of USD300 million.

You can receive free Daily detailed “Deals Analysis Alerts” delivered directly to your
inbox – sign up below:

* Indicates Mandatory
*Name:  
*Company:  
*Email:    
*Country:  
*Phone Number:          
Comments:
  captcha refresh
Enter Captcha Code:    

Send to friend

*Your EmailID:    
Message:
*Friend's EmailID:    
  captcha refresh
Enter Captcha Code: