Attached files
file | filename |
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8-K - FORM 8-K - PALL CORP | y85103e8vk.htm |
EX-4 - EX-4 - PALL CORP | y85103exv4.htm |
EX-1 - EX-1 - PALL CORP | y85103exv1.htm |
EX-5 - EX-5 - PALL CORP | y85103exv5.htm |
Exhibit 99
Pall
Corporation Closes $375 Million Notes Offering
PORT WASHINGTON, N.Y., June 18, 2010 Pall Corporation (NYSE: PLL) today announced that it has
completed the previously announced public offering of its
$375 million aggregate principal amount of 5.00% Senior Notes due June 15, 2020.
Pall plans to use the net proceeds from this offering to redeem the $280 million aggregate
principal amount of its outstanding 6% Senior Notes due 2012 and for general corporate purposes.
About The Offering
Banc of America Securities LLC and J.P. Morgan Securities Inc. are acting as joint bookrunning
managers for the offering of notes.
About Pall Corporation
Pall Corporation (NYSE: PLL) is a filtration, separation and purification leader providing Total
Fluid ManagementSM solutions to meet the critical needs of customers in
biopharmaceutical; hospital, transfusion and veterinary medicine; energy and alternative energy;
electronics; municipal and industrial water; aerospace; transportation and broad industrial
markets. Together with our customers, we foster health, safety and environmentally responsible
technologies. The companys engineered solutions enable process and product innovation and minimize
emissions and waste. Pall Corporation, with total revenues of $2.3 billion for fiscal 2009, is an
S&P 500 company with more than 10,000 employees serving customers worldwide. Pall has been named a
top green company by Newsweek magazine.
This news release shall not constitute an offer to sell or a solicitation to buy any securities,
nor shall there be any sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering is being made only by means of a
prospectus and related prospectus supplement, which may be obtained by visiting the SECs website
at www.sec.gov or by contacting Banc of America Securities LLC, 100 West 33rd Street,
3rd Floor, New York, NY 10001, Attention: Prospectus Department, telephone:
212-449-1668, or by contacting J.P. Morgan Securities Inc., collect at 212-834-4533.
Forward-Looking Statements
The matters discussed in this release contain forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that address
activities, events or developments that the
Company or management intends, expects, projects, believes or anticipates will or may occur in the
future. All statements regarding future performance, earnings projections, earnings guidance,
managements expectations about its future cash needs and effective tax rate, and other future
events or developments are forward-looking statements. Forward-looking statements are those that
use terms such as may, will, expect, believe, intend, should, could, anticipate,
estimate, forecast, project, plan, predict, potential and similar expressions.
Forward-looking statements contained in this and other written and oral reports are based on
managements assumptions and assessments in the light of past experience and trends, current
conditions, expected future developments and other relevant factors. They are not guarantees of
future performance, and actual results, developments and business decisions may differ from those
envisaged by our forward-looking statements. Our forward-looking statements are also subject to
risks and uncertainties, which can affect our performance in both the near- and long-term and cause
actual results to differ materially. Such risks and uncertainties include, but are not limited to,
those discussed in Part I, Item 1A, Risk Factors in the 2009 Form 10-K, and other reports the
Company files with the Securities and Exchange Commission, including the effect of litigation and
regulatory inquiries associated with the restatement of our prior period financial statements; our
ability to successfully complete our business improvement initiatives, which include integrating
and upgrading our information systems, and the effect of a serious disruption in our information
systems; the impact of legislative, regulatory and political developments globally and the impact
of the uncertain global economic environment and the timing and strength of a recovery in the
markets and regions we serve, and the extent to which adverse economic conditions may affect our
sales volume and results; demand for our products and business relationships with key customers and
suppliers, which may be impacted by their cash flow and payment practices, as well as delays or
cancellations in shipments; volatility in foreign currency exchange rates, interest rates and
energy costs and other macro economic challenges currently affecting us; changes in product mix,
market mix and product pricing, particularly relating to the expansion of the systems business;
increase in costs of manufacturing and operating costs; our ability to obtain regulatory approval
or market acceptance of new technologies, enforce patents and protect proprietary products and
manufacturing techniques; fluctuations in our effective tax rate; our ability to successfully
complete or integrate any acquisitions; the impact of pricing and other actions by competitors; and
our ability to achieve the savings anticipated from cost reduction and gross margin improvement
initiatives. Factors or events that could cause our actual results to differ may emerge from time
to time, and it is not possible for us to predict all of them. The Company makes these statements
as of the date of this disclosure and undertakes no obligation to update them, whether as a result
of new information, future developments or otherwise.
Pall Corporation
Patricia Iannucci
V.P. Investor Relations & Corporate Communications
Telephone: 516-801-9848
Email: pat_iannucci@pall.com
Patricia Iannucci
V.P. Investor Relations & Corporate Communications
Telephone: 516-801-9848
Email: pat_iannucci@pall.com
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