Rockwell Automation, Inc. (NYSE:ROK) signed an agreement to acquire Plex Systems, Inc. from Francisco Partners Management, L.P. for $2.2 billion on June 25, 2021. The acquisition will be financed with a combination of cash and short-term and long-term debt. As of August 3, 2021, Rockwell Automation announced that it is offering three series of its notes, subject to market and other conditions. Rockwell Automation intends to use the net proceeds it receives from this offering to partially fund the purchase price in its anticipated acquisition of Plex Systems. Plex will be reported as part of Rockwell’s Software and Control operating segment and Rockwell will welcome more than 500 new employees. The transaction is subject to customary closing conditions and completion of regulatory review. The acquisition is expected to close in Rockwell’s fiscal fourth quarter. As of July 27, 2021 the transaction is expected to close in 4Q21. Goldman Sachs & Co. LLC acted as the financial advisor and Paul Hastings LLP acted as legal advisor to Francisco Partners. Morgan Stanley is advising Rockwell Automation. Barclays Capital Inc. acted as financial advisor for Plex Systems, Inc. Rockwell Automation currently maintain a five-year unsecured revolving credit facility under which it may borrow up to $1.25 billion. The company can increase the aggregate amount of the banks’ commitment under this credit facility by up to $750 million, subject to the consent of the banks in the credit facility Rockwell Automation, Inc. (NYSE:ROK) completed the acquisition of Plex Systems, Inc. from Francisco Partners Management, L.P. on August 31, 2021.