Cameron (NYSE: CAM) has priced a public offering of $250 million aggregate principal amount of 1.40% senior notes due 2017 and $250 million aggregate principal amount of 3.70% senior notes due 2024. The sale of the senior notes should settle on June 20.
Cameron intends to use a portion of the net proceeds from the offering to redeem all of its 1.60% senior notes due April 30, 2015, and to use the remaining amount for general corporate purposes.
Credit Suisse Securities (USA) LLC, JP Morgan Securities LLC, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA) Inc., and RBS Securities Inc. are acting as joint book-running managers for the senior notes offering. In addition, Barclays Capital Inc., Standard Chartered Bank, DNB Markets Inc., Morgan Stanley & Co. LLC, BBVA Securities Inc., UniCredit Capital Markets LLC, and Wells Fargo Securities LLC are acting as co-managers.