LINCOLN — Lincoln Electric System plans to sell approximately $120 million in tax-exempt revenue bonds. Bonds are scheduled to be offered for sale June 5, 2018, with priority given to retail buyers in certain maturities. The bonds are being issued to reimburse LES for previously incurred capital expenditures, payment of LES’ outstanding obligations under its Revolving Credit Agreement and redemption of a portion of outstanding Commercial Paper Notes.
The revenue bonds are expected to be available in up to 16-year maturities, ranging from Sept. 1, 2025, to Sept. 1, 2034. Interest is excludable from gross income for federal and Nebraska income tax purposes. Bonds are expected to be delivered on or about June 28, 2018, and will be available in $5,000 denominations.
LES bonds are offered for sale only through the Official Statement. A copy of the Preliminary Official Statement, which contains a more complete description of the bonds and the sources of payment thereof, may be obtained from the underwriters listed below:
- Bank of America Merrill Lynch, 402-496-5100 (Omaha) or 402-473-1816 (Lincoln).
- US Bancorp, 855-240-7726.
- Wells Fargo Securities, 866-287-3221.
More information regarding the bond sale can be found at LES.com.
This information is not an offer to sell nor a solicitation of an offer to buy the LES bonds referred to above. Such offers will be made solely through the Official Statement.