Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. as joint book-running managers on an SEC-registered offering by Kennametal Inc. of $300 million aggregate principal amount of 3.875% senior notes due 2022.

Kennametal delivers productivity to customers seeking peak performance in demanding environments by providing innovative custom and standard wear-resistant solutions, enabled through its advanced materials sciences, application knowledge and commitment to a sustainable environment. End users of Kennametal’s products include metalworking manufacturers and suppliers across a diverse array of industries, including the aerospace, defense, transportation, machine tool, light machinery and heavy machinery industries, as well as manufacturers, producers and suppliers in a number of other industries, including coal mining, highway construction, quarrying and oil and gas exploration and production industries. Kennametal’s end users’ products include items ranging from airframes to coal mining, engines to oil wells, and turbochargers to construction. 

The Davis Polk team included partner Richard A. Drucker, associates Jonathan C. Pentzien, Joshua Dugan and Steve Wang (not yet admitted) and former associate Adam Rachlis. The environmental team included counsels Loyti Cheng and Hayden S. Baker and associate Jesse Kramer (not yet admitted). Partner Harry Ballan and associates Rhiannon Nakano and Patrick E. Sigmon provided tax advice. Gwendolyn P. Ranada and Joel V. Beaver were the legal assistants on the transaction. All members of the Davis Polk team are based in the New York office.