REXNORD CORPORATION ("Rexnord") RXN announced today the launch
of a public offering of 11,000,000 shares of its common stock held by
certain funds affiliated with Apollo Global Management, LLC
(collectively with its subsidiaries, “Apollo”) APO. The Apollo
funds will be the sole selling stockholder and will also grant to the
underwriters of the common stock offering an option to purchase up to an
additional 1,650,000 shares of common stock. Rexnord will not issue
shares in the offering and will not receive any proceeds from the sale
of the shares by the selling stockholder in this offering.
The offering will be made under Rexnord's registration statement on Form
S-3 filed with the Securities and Exchange Commission. Deutsche Bank
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