W.W. GRAINGER,INC. (NYSE:GWW) Files An 8-K Other Events
Item 8.01 Other Events.
On May22, 2017, W.W. Grainger,Inc. (the Company) issued
$400,000,000 of its 4.20% Senior Notes due 2047 (the
Notes) upon completion of a public offering. The Notes
were issued to an indenture, dated as of June11, 2015, as
supplemented by a third supplemental indenture, dated as of
May22, 2017, between the Company and U.S. Bank National
Association, as trustee.
The Notes are senior unsecured obligations of the Company and
will mature on May15, 2047. Interest on the Notes is payable
semi-annually on May15 and November15, beginning on November15,
2017.
Prior to November15, 2046, the Company may redeem the Notes in
whole or in part at any time and from time to time at a
make-whole redemption price calculated by reference to the then
current yield on a US treasury security with a maturity
comparable to the remaining term of the Notes plus 20 basis
points, together with accrued and unpaid interest, if any, to the
redemption date. On or after November15, 2046, the Company may
redeem the Notes in whole or in part at any time and from time to
time at 50% of their principal amount, together with accrued and
unpaid interest, if any, to the redemption date. Additionally, if
the Company experiences specific kinds of changes of control, it
will be required to make an offer to purchase the Notes at 101%
of their principal amount plus accrued and unpaid interest, if
any, to the date of purchase.
Exhibits are filed herewith in connection with the Registration
Statement on FormS-3 (Registration No.333-203444), filed with the
Securities and Exchange Commission on April16, 2015, relating to
the Notes offered to the Prospectus Supplement, dated May15,
2017.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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Exhibit No. |
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Description |
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1.1 |
Underwriting Agreement, dated as of May15, 2017, among W.W. |
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4.1 |
Third Supplemental Indenture, dated as of May22, 2017, |
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4.2 |
Formof 4.20% Senior Notes due 2047 (included in |
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5.1 |
Opinion of Mayer Brown LLP, counsel for W.W. Grainger,Inc., |
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23.1 |
Consent of Mayer Brown LLP (included in Exhibit5.1). |
About W.W. GRAINGER, INC. (NYSE:GWW)
W.W. Grainger, Inc. (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. The Company operates through two segments, which include the United States and Canada. The Company’s business support functions provide coordination and guidance in the areas of accounting and finance, business development, communications and investor relations, compensation and benefits, information systems, health and safety, global supply chain functions, human resources, risk management, internal audit, legal, real estate, security, tax and treasury. The Company’s other businesses also include Zoro Tools, Inc. (Zoro), the single channel online business in the United States, MonotaRO Co. (MonotaRO) in Japan, and operations in Europe, Asia and Latin America. W.W. GRAINGER, INC. (NYSE:GWW) Recent Trading Information
W.W. GRAINGER, INC. (NYSE:GWW) closed its last trading session up +3.34 at 178.19 with 939,282 shares trading hands.