04:56 PM EDT, 05/16/2024 (MT Newswires) -- Timken (TKR) said late Thursday it has priced 600 million euros ($652 million) of 4.125% senior unsecured notes due 2034 at 98.832% of par, with closing expected May 23.

The company said it plans to use net proceeds to redeem its 3.875% senior notes due 2024 and repay loans under its senior unsecured revolving credit facility, among others.

Goldman Sachs and JPMorgan Securities are joint book-running managers for the offering.

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