Kennametal Inc. $300 Million Notes Offering


Davis Polk advised the joint book-running managers on an SEC-registered offering by Kennametal Inc. of $300 million aggregate principal amount of 4.625% senior notes due 2028.

BofA Merrill Lynch and J.P. Morgan acted as Active Joint Book-Running Managers; PNC Capital Markets LLC acted as Passive Joint Book-Running Manager.

Kennametal is a global leader in the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and mission-critical wear applications to combat extreme conditions associated with wear fatigue, corrosion and high temperatures. Kennametal’s product offering includes a wide selection of standard and customized technologies for metalworking applications, such as turning, milling, hole making, tooling systems and services.

The Davis Polk team included partner Derek Dostal (Picture), associate Rahim Manji and summer law clerk Devon D. Willitts. The environmental team included counsel Loyti Cheng. Partner Michael Mollerus, associate Christina L. Tacoronti and summer law clerk Shannon Kahlden provided tax advice.

Involved fees earner: Derek Dostal – Davis Polk & Wardwell; Rahim Manji – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; Christina Tacoronti – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Merrill Lynch; Bank of America Merrill Lynch; JP Morgan; PNC Capital Markets LLC;

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Author: Ambrogio Visconti