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Wednesday, 08/22/2012 7:25:17 AM

Wednesday, August 22, 2012 7:25:17 AM

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New Issue-Illinois Tool Works sells $1.1 bln notes

3:13 PM 8/21/2012 - Reuters

Aug 21 (Reuters) - Illinois Tool Works Inc on Tuesday sold $1.1 billion of senior unsecured notes, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, Citigroup and J.P. Morgan were the joint bookrunning managers for the sale. BORROWER: ILLINOIS TOOL WORKS AMT $1.1 BLN COUPON 3.9 PCT MATURITY 09/01/2042 TYPE SR NTS ISS PRICE 99.038 FIRST PAY 03/01/2013 MOODY'S A1 YIELD 3.995 PCT SETTLEMENT 08/28/2012 S&P A-PLUS SPREAD 105 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 15 BPS

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