FLIR public offering could fund acquisitions, subsidiary expansions

August 17, 2011 – Marketwire — FLIR Systems Inc. (NASDAQ:FLIR) priced a public offering of $250 million aggregate principal amount of 3.75% notes due September 1, 2016. With about $248 million net proceeds, FLIR plans to fund general corporate needs, such as working capital, investments in or extensions of credit to FLIR subsidiaries, capital expenditures, stock repurchases, and acquisitions. The offering will close on August 19, 2011.

FLIR Systems Inc. designs, manufactures, and markets sensor systems.

Joint book-running managers for the offering include Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc.

The public offering is being made pursuant to an effective shelf registration statement on form S-3 on file with the U.S. Securities and Exchange Commission.

Notes offerings may be made only by means of a prospectus and prospectus supplement. Copies relating to the securities can be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated at 100 West 33rd Street, 3rd Floor, New York, NY 10001, attention: Syndicate Operations, telephone: 1-800-294-1322, email: [email protected]; and from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, telephone: 1-888-603-5847, email: [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy FLIR’s notes or any other securities, nor shall there be any sale of securities mentioned in this press release in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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