Illinois Tool Works 8-K

Summary

Illinois Tool Works issued $1.5B of 4.650% notes due 2029. The offering is intended to repay part of its commercial paper borrowings, with remaining proceeds available for general corporate purposes, including repayment of other debt.

Key Figures

• Notes: $1.5B aggregate principal amount; 4.650% annual interest, payable semi-annually beginning 2/13/2027; maturity 8/13/2029.
• Use of net proceeds: intended repayment of a portion of commercial paper borrowings; any remainder for general corporate purposes, which may include repayment of other outstanding debt.