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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
Date of Report (Date of earliest event reported): May 19, 1998
ROBBINS & MYERS, INC.
(Exact name of Registrant as specified in its charter)
Ohio 0-288 31-0424220
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
1400 Kettering Tower, Dayton, OH 45423
(Address of principal executive offices) (Zip code)
937-222-2610
(Registrant's telephone number including area code)
Not applicable
(Former name and former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On May 19, 1998, Robbins & Myers, Inc., issued the following press release:
ROBBINS & MYERS ANNOUNCES
ISSUANCE OF $100 MILLION OF SENIOR NOTES
DAYTON, OHIO, May 19, 1998... Robbins & Myers, Inc. announced today that it has
sold $100 million of its Senior Notes to institutional investors in a private
placement. The Senior Notes were issued in two series, Series A in the principal
amount of $70 million due May 1, 2008 and Series B in the principal amount of
$30 million due May 1, 2010. The Notes have a weighted average interest rate of
6.8%. NationsBanc Montgomery Securities LLC and ING Barings Furman Selz were the
placement agents for the notes.
The Company will use substantially all of the proceeds to reduce existing bank
indebtedness. After application of the note proceeds, the Company will have
approximately $140 million of available borrowing capacity under its $200
million Bank Credit Agreement.
Daniel W. Duval, President and Chief Executive Officer, of Robbins & Myers, Inc.
stated, "The issuance of the Senior Notes, coupled with the successful public
offering of $65 million in convertible subordinated notes in 1996, provides us
with an appropriate capital structure and the financial resources to continue to
grow our businesses.
Robbins & Myers, Inc. is an international manufacturer and marketer of superior
quality fluid management products and systems serving the process industries
including: specialty chemicals, pharmaceutical, oil and gas exploration and
production, wastewater treatment, food and beverage, and pulp and paper.
Headquartered in Dayton, Ohio, the Company has facilities in the United States,
Canada, Europe, Brazil, Mexico, Singapore and joint ventures in China, India,
and Taiwan.
The Company's shares are traded on the New York Stock Exchange under the symbol
RBN.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Robbins & Myers, Inc.
Date: 5/28/98 By: /s/ Kevin J. Brown
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Kevin J. Brown, Corporate Controller
