Investor Relations

News Release Details

Home Investor Relations News Releases News Release Details
Pentair Announces Redemption Price for Its Senior Notes
04.10.2009

MINNEAPOLIS--(BUSINESS WIRE)--Apr. 10, 2009-- Pentair, Inc. (NYSE:PNR) today announced that it has established the redemption price for its 7.85% Senior Notes due October 15, 2009 (the “Notes”), which Pentair has called for redemption (the "Redemption"). The redemption date is April 15, 2009 (the "Redemption Date").

The redemption price for each $1,000 principal amount of the Notes will be $1,035.88. Pentair will also pay accrued and unpaid interest on the Notes to, but not including, the Redemption Date. The make-whole premium for the Notes was calculated in accordance with the terms of the indenture governing the Notes.

The terms of the Redemption are described in the notice of redemption mailed to registered holders of Notes on or about March 13, 2009 (the “Notice”). Questions relating to, and requests for additional copies of, the Notice should be directed to U.S. Bank National Association, as the trustee at (800) 934-6802.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Any statements made about the company’s anticipated financial results are forward-looking statements subject to risks and uncertainties such as the breadth and severity of the global economic downturn; the strength of housing and related markets; the ability to integrate acquisitions successfully and the risk that expected synergies may not be fully realized or may take longer to realize than expected; foreign currency effects; retail and industrial demand; product introductions; and pricing and other competitive pressures, as well as other risk factors set forth in our SEC filings. Forward-looking statements included herein are made as of the date hereof, and the company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.

ABOUT PENTAIR, INC.
Pentair (www.pentair.com) is a diversified operating company headquartered in Minneapolis, Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair’s Technical Products Group is a leader in the global enclosures and thermal management markets, designing and manufacturing thermal management products and standard, modified, and custom enclosures that house and protect sensitive electronics and electrical components. With 2008 revenues of $3.35 billion, Pentair employs approximately 14,000 people worldwide.

Source: Pentair, Inc.

Pentair, Inc.
Investor Relations:
Todd Gleason, 763-656-5570
E-mail: todd.gleason@pentair.com

Categories: Press Releases