BELOIT, Wis., Dec. 12, 2012 /PRNewswire/ -- Regal Beloit
Corporation (NYSE:RBC) announced today that it has commenced a
public offering of 2,750,000 shares of common stock. Regal
Beloit will grant the underwriters
in the offering an option to purchase up to 412,500 additional
shares to cover any over-allotments.
Regal Beloit expects to use the
net proceeds from the offering for general corporate and working
capital purposes, including the potential funding of future
acquisitions.
Robert W. Baird & Co. Incorporated and Credit Suisse
Securities (USA) LLC will act as
underwriters for the offering. The offering is being made only by
means of a prospectus and related prospectus supplement, copies of
which may be obtained from Robert W. Baird & Co. Incorporated,
777 East Wisconsin Avenue, 28th Floor, Milwaukee, Wisconsin 53202-5391, or by calling
1-800-792-2473, and from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department,
One Madison Avenue, New York, NY
10010, or telephone: 1-800-221-1037, or email:
newyork.prospectus@credit-suisse.com. Electronic copies of the
prospectus and the prospectus supplement are available on the
Securities and Exchange Commission's website at www.sec.gov.
The shares are being offered pursuant to an effective
registration statement. This press release does not constitute an
offer to sell these securities or a solicitation of an offer to buy
these 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.
Regal Beloit Corporation is a leading manufacturer of electric
motors, mechanical and electrical motion controls and power
generation products serving markets throughout the world. Regal
Beloit is headquartered in
Beloit, Wisconsin, and has
manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal Beloit's common stock is a component of the
S&P Mid Cap 400 Index and the Russell 2000 Index.
SOURCE Regal Beloit Corporation