Rexnord Corporation (“Rexnord”) RXN announced today the pricing
of the previously announced public offering of its common stock held by
certain funds affiliated with Apollo Global Management, LLC
(collectively with its subsidiaries, “Apollo”) APO. Pursuant to
the terms of the offering, the Apollo funds, the sole selling
stockholder, will sell 6,500,000 shares of Rexnord common stock at a
price to the public of $16.00 per share, and they have also granted to
the underwriters of the common stock offering an option to purchase up
to an additional 975,000 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
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