Item 1.01. Entry into a Material Definitive Agreement.

On August 3, 2021, Rockwell Automation, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, Loop Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, in connection with the offer and sale of $600 million in aggregate principal amount of its 0.350% Notes due August 15, 2023 (the "2023 Notes"), $450 million in aggregate principal amount of its 1.750% Notes due August 15, 2031 (the "2031 Notes") and $450 million in aggregate principal amount of its 2.800% Notes due August 15, 2061 (the "2061 Notes" and, together with the 2023 Notes and the 2031 Notes, the "Notes") in an underwritten public offering (the "Offering"). The Underwriting Agreement contains customary representations, warranties and agreements of the Company, conditions to closing, indemnification and contribution rights and obligations of the parties, termination provisions and other terms and conditions customary in agreements of this type. The issuance and sale of the Notes is expected to close on August 17, 2021, subject to customary closing conditions. The net proceeds to the Company from the sale of the Notes, after deducting underwriter discounts and expenses, are estimated to be approximately $1,486.8 million.

Certain of the underwriters and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, commercial banking and investment banking services for the Company, for which they received or will receive customary fees and expenses. Certain affiliates of the underwriters are lenders under the Company's credit facilities.

The Notes will be offered and sold by the Company pursuant to its automatic shelf Registration Statement on Form S-3 (Registration Statement No. 333-228817) (the "Registration Statement"), filed with the Securities and Exchange Commission ("SEC") on December 14, 2018, as supplemented by the final prospectus supplement filed with the SEC on August 4, 2021.

The Notes will be issued pursuant to the Indenture, dated as of December 1, 1996 (the "Indenture"), between the Company and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A., as successor to Mellon Bank, N.A.), as trustee. The Indenture contains covenants that require the Company to satisfy certain conditions in order to incur debt secured by liens, engage in sale/leaseback transactions or merge or consolidate with another entity. The Indenture also provides for customary events of default. The Notes are expected to have the following terms.

The 2023 Notes will mature on August 15, 2023 and bear interest at a fixed rate of 0.350% per annum. The 2031 Notes will mature on August 15, 2031 and bear interest at a fixed rate of 1.750% per annum. The 2061 Notes will mature on August 15, 2061 and bear interest at a fixed rate of 2.800% per annum. The Company will pay interest on the Notes from August 17, 2021 semi-annually, in arrears, on February 15 and August 15 of each year, beginning February 15, 2022. The Notes will be unsecured and rank on a parity with all of the Company's other existing and future unsecured indebtedness.

At its option, the Company may redeem the 2023 Notes at any time prior to August 15, 2022 (twelve months prior to the maturity date for the 2023 Notes), the 2031 Notes at any time





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prior to May 15, 2031 (three months prior to the maturity date for the 2031 Notes) and the 2061 Notes at any time prior to February 15, 2061 (six months prior to the maturity date for the 2061 Notes), in each case, in whole or in part, at a redemption price equal to the greater of (i) the principal amount of the Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of the Notes to be redeemed if such Notes matured on August 15, 2022 (twelve months prior to the maturity date for the 2023 Notes), in the case of the 2023 Notes, May 15, 2031 (three months prior to the maturity date for the 2031 Notes), in the case of the 2031 Notes and February 15, 2061 (six months prior to the maturity date for the 2061 Notes), in the case of the 2061 Notes, in each case excluding interest accrued as of the redemption date, discounted to the redemption date on a semiannual basis at the applicable Treasury Rate (as defined in the Notes) plus 5 basis points in the case of the 2023 Notes, 10 basis points in the case of the 2031 Notes and 15 basis points in the case of the 2061 Notes.

At its option, the Company may redeem the 2023 Notes at any time on and after August 15, 2022 (twelve months prior to the maturity date for the 2023 Notes), the 2031 Notes at any time on and after May 15, 2031 (three months prior to the maturity date for the 2031 Notes) and the 2061 Notes at any time prior to February 15, 2061 (six months prior to the maturity date for the 2061 Notes), in each case, in whole or in part, at 100% of the aggregate principal amount of the Notes to be redeemed, plus any accrued and unpaid interest on the Notes being redeemed.

If (i) the consummation of the Company's previously announced contemplated acquisition of Plex Systems Holdings, Inc. (the "Plex Acquisition") does not occur prior to 5:00 p.m., New York City time, on January 31, 2022, (ii) the Company notifies the trustee and the holders of the 2031 Notes and 2061 Notes that the Company will not pursue the consummation of the Plex Acquisition or (iii) the merger agreement pursuant to which the Plex Acquisition is proposed to be consummated has been terminated without the consummation of the Plex Acquisition, the Company will be required to redeem all of the 2031 Notes and the 2061 Notes then outstanding on the date of this special mandatory redemption at 101% of the aggregate principal amount of such Notes then outstanding, plus accrued and unpaid interest to, but not including, the date of the special mandatory redemption.

If a change of control repurchase event (defined as the occurrence of both a change of control and a below investment grade rating event) occurs, holders of the Notes will have the right to require the Company to repurchase their Notes at a price equal to 101% of the principal amount of the Notes repurchased, plus any accrued and unpaid interest.

The above description of certain terms and conditions of the Underwriting Agreement is qualified by reference to the full text of the Underwriting Agreement, a copy of which is filed herewith as Exhibit 1, and is incorporated herein by reference. The above description of certain terms and conditions of the Indenture is qualified by reference to the full text of the Indenture, a copy of which was filed as Exhibit 4-a to the Company's Registration Statement on Form S-3 (Registration Statement No. 333-43071), and is incorporated herein by reference.




Item 8.01. Other Events.

On August 3, 2021, we announced that we were offering, subject to market and other conditions, three series of our notes. On August 4, 2021, we announced the pricing of the notes in an aggregate principal amount of $1.5 billion, in an underwritten, registered public offering. Copies of these press releases are furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.





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Item 9.01. Financial Statements and Exhibits.






(d)     Exhibits

1         Underwriting Agreement, dated August 3, 2021, between the Company and
        BofA Securities, Inc., Goldman Sachs & Co. LLC, Loop Capital Markets, LLC
        and Wells Fargo Securities, LLC, as representatives of the several
        Underwriters named in Schedule l thereto.

99.1      Press Release of the Company dated August 3, 2021.

99.2      Press Release of the Company dated August 4, 2021.

104     Cover Page Interactive Data File, formatted in inline XBRL.




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