WhereDaily News: Esterline Announces Pricing of EUR 330 Million Private Senior Notes Offering

BELLEVUE, WA--(Marketwired - Mar 30, 2015) - Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading specialty manufacturer serving the global aerospace and defense markets, today announced that it has priced a private placement of EUR 330 million aggregate principal amount of senior notes ("the Notes") due 2023 through its wholly owned subsidiary, TA Mfg Limited (UK), in connection with its previously announced private offering. The Notes will carry an interest rate of 3.625% and will mature on April 15, 2023. The closing of the offering is expected to occur on April 8, 2015, subject to the satisfaction of customary closing conditions. Esterline intends to use the net proceeds to repay borrowings outstanding under its senior secured credit facility.

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