Emerson prices $1.5 billion in euro and dollar notes to help fund AspenTech deal
Emerson agreed on February 25, 2025 to sell €500 million of 3.000% notes due 2031, €500 million of 3.500% notes due 2037, and $500 million of 5.000% notes due 2035, with closing expected March 4, 2025. The company expects net proceeds of about $1,536.7 million, to be used for general corporate purposes, commercial paper repayment, and part of the purchase price for its proposed acquisition of AspenTech; the filing notes the notes offering is not conditioned on that acquisition closing.
Key points
- Euro notes: €500 million 3.000% due 2031 sold at 99.561% of principal and €500 million 3.500% due 2037 sold at 99.270%.
- Dollar notes: $500 million 5.000% due 2035 sold at 99.454% of principal.
- Expected net proceeds of about $1,536.7 million, before offering expenses, with closing expected March 4, 2025.
- Proceeds partly fund the proposed purchase of AspenTech shares not already owned by Emerson, which the filing says may not be completed on the anticipated terms or at all.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.