Xylem Inc. Announces the Redemption of Its 2.250% Senior Notes Due 2023
November 10, 2022 at 06:47 am EST
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Xylem Inc. announced that it will redeem the entire Ç500 million aggregate outstanding principal amount of its 2.250% Senior Notes due 2023 (CUSIP Number: 98419M AG5 and ISIN Number: XS1378780891) (the ôNotesö) on December 12, 2022 (the ôRedemption Dateö). The Notes will be redeemed at a price equal to the greater of: 100% of the principal amount of the Notes to be redeemed; and the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption) discounted to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined in the Notes) plus 40 basis points; together with, in each case, accrued and unpaid interest on the principal amount of the Notes, but not including, the Redemption Date.
Xylem Inc. specializes in the design, manufacturing and marketing of engineered equipment for water and wastewater industries. Net sales break down by activity as follows:
- sale of transportation and water treatment systems (42.6%): Flygt, Wedeco, Godwin Pumps, WTW, Sanitaire, AADI and Leopold brands;
- sale of hydraulic equipment (29.4%): booster devices, pumps, valves, heat exchangers, distribution and control equipment, etc. sold under the Goulds, Bell & Gossett, AC Fire, Standard, Flojet, Lowara, Jabsco and Flowtronex brands for the agricultural, industrial, commercial and residential sectors;
- sale of measurement and control systems and analytical instruments (28%): dedicated to the conservation of water resources and water testing.
Net sales are distributed geographically as follows: the United States (47.1%), Europe (28.8%), Asia/Pacific (12.7%) and other (11.4%).
XYLEM INC. 
