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 $400 million aggregate principal amount of 2.65% senior notes due 2019.
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 and machinery 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 producers and suppliers in a number of equipment-intensive industries such as coal mining, road construction and quarrying, as well as oil and gas exploration and production industries. Kennametal’s end users’ applications range from airframes to mining operations, engines to oil wells, and turbochargers to processing.
The Davis Polk team included partner Richard A. Drucker, associate Phoebe Nel and law clerk Tomomi Atamas. The environmental team included counsel Loyti Cheng and associate Catharine Thorpe. Partner Harry Ballan and associate Patrick E. Sigmon provided tax advice. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
