Cooper Industries Completes $300 Million Offering of Ten-Year Notes.HOUSTON -- Cooper Industries Cooper Industries NYSE: CBE is one of the oldest large companies in the United States, having been founded in 1833 as a partnership in Mount Vernon, Ohio. Incorporated in Ohio as The C. & G. , Ltd. (NYSE NYSE See: New York Stock Exchange :CBE CBE Commander of the Order of the British Empire (a Brit. title) CBE n abbr (= Companion of (the Order of) the British Empire) → tÃtulo de nobleza CBE n abbr (= ) today announced that its Cooper US, Inc. subsidiary has issued $300 million of senior unsecured notes due in 2017. The fixed rate notes have an interest coupon of 6.10 percent. Proceeds from the financing will be used to repay maturing long term debt. Combined with interest rate hedges implemented in anticipation of the offering, this debt will have an effective annual cost to Cooper of 5.75 percent. About Cooper Industries Cooper Industries, Ltd. is a global manufacturer with 2006 revenues of $5.2 billion, approximately 85 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 31,000 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Menvier, Cooper Power Systems, Cooper Wiring Devices Cooper Wiring Devices is a division of Cooper Industries and provides a wide range of residential, institutional and industrial specification grade electrical devices for consumers and building contractors. External links
distributer, distributor . For more information, visit the website at www.cooperindustries.com. |
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