Kennametal’s $300 Million Notes Offering

Davis Polk advised the joint book-running managers on the offering.

Kennametal Inc. executed its offering of $300 million aggregate principal amount of 2.800% senior notes due 2031. 

BofA Securities, Inc., J.P. Morgan Securities LLC, and PNC Capital Markets LLC acted as Joint Bookrunning Manager, Citizens Capital Markets, Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., ING Financial Markets LLC, HSBC Securities (USA) Inc., Commerz Markets LLC, and U.S. Bancorp Investments, Inc. acted as Co-Managers for the offering.

Kennametal Inc. is a global industrial technology leader, helping customers across the aerospace, earthworks, energy, general engineering and transportation industries manufacture with precision and efficiency.

The Davis Polk team advising the joint book-running managers included partner Derek Dostal (Picture) and associates Ida Araya-Brumskine and Lia-Michelle Keane. Partner Michael Mollerus and associate Daniel L. Jose provided tax advice.

Involved fees earner: Ida Araya-Brumskine – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Daniel Jose – Davis Polk & Wardwell; Lia-Michelle Keane – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; J.P. Morgan Securities LLC; PNC Capital Markets LLC;

Martina Bellini

Author: Martina Bellini