Date Announced: 16 Aug 2011
Imaging giant raising funds for a variety of corporate uses.
PORTLAND, OR--(Marketwire -08/16/11)- FLIR Systems, Inc. (NASDAQ: FLIR - News) today announced it has priced a public offering of $250 million aggregate principal amount of 3.75% notes due September 1, 2016. FLIR expects to receive net proceeds of approximately $248 million, after deducting underwriting discounts and estimated offering expenses.
The proceeds from the sale of the notes are expected to be used for general corporate purposes, which may include funding for working capital, investments in or extensions of credit to our subsidiaries, capital expenditures, repurchases of stock, and acquisitions. The offering is expected to close on August 19, 2011.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc. are acting as joint book-running managers for the offering.
The public offering is being made pursuant to an effective shelf registration statement on form S-3 on file with the U.S. Securities and Exchange Commission.
Source: FLIR Systems
E-mail: via web site
Web Site: www.flir.com
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