Rexnord Announces 11M Share Offering

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 See full press release