Cameron Prices $500 Million of Unsecured Senior Notes
HOUSTON, June 17, 2014
HOUSTON, June 17, 2014 /PRNewswire/ --Cameron (NYSE: CAM) has priced a public
offering of $250 million aggregate principal amount of 1.40% senior notes due
2017 and $250 million aggregate principal amount of 3.70% senior notes due
2024. The sale of the senior notes is expected to settle on June 20, 2014,
subject to customary closing conditions. Cameron intends to use a portion of
the net proceeds from the offering to redeem all of its 1.60% senior notes due
April 30, 2015 and to use the remaining amount for general corporate purposes.
Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Citigroup
Global Markets Inc., Mitsubishi UFJ Securities (USA), Inc. and RBS Securities
Inc. are acting as joint book-running managers for the senior notes offering.
In addition, Barclays Capital Inc., Standard Chartered Bank, DNB Markets,
Inc., Morgan Stanley & Co. LLC, BBVA Securities Inc., UniCredit Capital
Markets LLC and Wells Fargo Securities, LLC are acting as co-managers. Copies
of the prospectus supplement and the related base prospectus for the offering
may be obtained by contacting Credit Suisse Securities (USA) LLC at Eleven
Madison Avenue, New York, NY 10010, 1-800-221-1037, Attention: Prospectus
Department; or J.P. Morgan Securities LLC at 383 Madison Avenue, New York, NY
10179, Attention: Investment Grade Syndicate Desk 3rd Floor, telephone collect
at 1-212-834-4533. An electronic copy of the prospectus supplement and the
related base prospectus will also be available on the website of the
Securities and Exchange Commission (the "SEC") at www.sec.gov.
This offering is made pursuant to an effective shelf registration statement
and prospectus filed by Cameron with the SEC. This release does not
constitute an offer to sell or the solicitation of an offer to buy, nor will
there be any sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction. This offering may be made only
by means of a prospectus supplement and related base prospectus.
Cameron is a leading provider of flow equipment products, systems and services
to worldwide oil, gas and process industries.
This release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Act of
1934, including the expected consummation of the offering described and the
use of proceeds. Forward-looking statements include estimates and give our
current expectations or forecasts of future events. Although we believe our
forward-looking statements are reasonable, they can be affected by inaccurate
assumptions or by known or unknown risks and uncertainties, and actual results
may differ from the expectations expressed.
Contact: Jeff Altamari, Vice President, Investor Relations, (713) 513-3344
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