Itw announces redemption of 1.750% notes due 2022

Glenview, ill., jan. 17, 2022 (globe newswire) -- illinois tool works inc. (nyse: itw) (the “company”) announced today that it will redeem all of the €500,000,000 in aggregate principal amount of the company's 1.750% senior notes due 2022 (the “notes”) issued pursuant to that certain indenture dated as of november 1, 1986, as supplemented by the first supplemental indenture dated as of may 1, 1990, between the company and the bank of new york mellon trust company, n.a., as successor trustee, at a redemption price equal to the outstanding principal amount, plus accrued and unpaid interest on the principal amount. the redemption date for the notes will be february 22, 2022.
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