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Emerson Electric prices €750M of 4% notes due 2032

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Form Type
8-K

Rhea-AI Filing Summary

Emerson Electric Co. (EMR) priced a public offering of €750 million aggregate principal amount of 4.000% Notes due November 13, 2032. The notes are being sold to underwriters at 99.264% of principal, who are offering them to the public at 99.639%.

The closing is subject to customary closing conditions and is expected on November 13, 2026; the notes are also expected to be issued that day. Emerson expects net proceeds of approximately €744.5 million (approximately $830.4 million at the stated November 6, 2026 exchange rate), before deducting estimated offering expenses. The company expects to use the proceeds primarily to repay commercial paper borrowings and also for general corporate purposes. The notes will be senior unsecured obligations, with annual interest payments beginning November 13, 2027. Emerson is applying to list the notes on the New York Stock Exchange.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Aggregate principal amount €750 million Public offering of notes due 2032
Underwriter purchase price 99.264% of principal amount Price at which the notes are being sold to underwriters
Public offering price 99.639% of principal amount Price at which underwriters offered the notes to the public
Expected net proceeds Approximately €744.5 million (approximately $830.4 million) Before deducting estimated offering expenses; exchange rate as of November 6, 2026
Annual interest rate 4.000% per year Notes due November 13, 2032
Maturity date November 13, 2032 Notes maturity
First interest payment November 13, 2027 Interest is payable annually on November 13
Minimum denomination €100,000, with integral multiples of €1,000 in excess Denominations of the notes
senior unsecured obligations financial
"The notes will be senior unsecured obligations"
Senior unsecured obligations are loans or bonds that a company promises to pay back with its own money, but without any special guarantees or collateral. If the company runs into financial trouble, these debts are paid after other debts with priority, meaning they are less protected but still important. They matter because they show how risky it is to lend money to a company.
commercial paper borrowings financial
"repay the Company’s commercial paper borrowings"
automatic shelf registration statement regulatory
"the Company’s automatic shelf registration statement"
An automatic shelf registration statement is a pre-approved filing that companies submit to securities regulators, allowing them to sell new shares or bonds quickly and efficiently when needed. It acts like a standing permit, enabling the company to raise money without going through a lengthy approval process each time, which can be helpful for responding promptly to market opportunities or needs. For investors, it provides transparency about the company's ability to raise funds and signals planning flexibility.
aggregate principal amount financial
"€750,000,000 aggregate principal amount"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large is EMR's 2032 notes offering, and what proceeds does Emerson expect?

Emerson is offering €750,000,000 aggregate principal amount of notes and expects net proceeds of approximately €744.5 million, or approximately $830.4 million, before deducting estimated offering expenses. The company expects to use the proceeds primarily to repay commercial paper borrowings and also for general corporate purposes.

What are the coupon and maturity of EMR's new notes?

The notes bear interest at 4.000% per year and mature on November 13, 2032. Interest is payable annually on November 13, beginning November 13, 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
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): November 12, 2026 (November 10, 2026)



Emerson Electric Co.
(Exact name of registrant as specified in its charter)



Missouri
1-278
43-0259330
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

8027 Forsyth Blvd., St. Louis, Missouri 63105
(Address of principal executive offices and zip code)
 
Registrant’s telephone number, including area code: (314) 553-2000
 
Not Applicable
(Former name or former address, if changed since last report.)
 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbols
Name of each exchange on which registered
Common Stock, $0.50 par value per share
EMR
New York Stock Exchange
   
NYSE Texas
2.000% Notes due 2029 EMR 29
New York Stock Exchange
3.000% Notes due 2031
EMR 31A
New York Stock Exchange
3.500% Notes due 2037
EMR 37
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 


Item 8.01
Other Events.
 
On November 10, 2026, Emerson Electric Co. (the “Company”) entered into a pricing agreement (the “Pricing Agreement”) dated November 10, 2026 (incorporating the Underwriting Agreement Standard Provisions dated November 10, 2026 (the “Standard Provisions”)) with J.P. Morgan Securities plc, Citigroup Global Markets Limited, Merrill Lynch International and Goldman Sachs & Co. LLC, as representatives of the several underwriters named in Schedule I thereto (together, the “Underwriters”), in connection with the public offering of €750,000,000 aggregate principal amount of the Company’s 4.000% Notes due 2032 (the “Notes”).  The Notes are being sold to the Underwriters at an issue price of 99.264% of the principal amount thereof, and the Underwriters offered the Notes to the public at a price of 99.639% of the principal amount thereof.  The closing of the transaction is subject to customary closing conditions and is expected to occur on November 13, 2026.  The Company is in the process of applying to list the Notes on the New York Stock Exchange.
 
The Notes are expected to be issued on November 13, 2026, pursuant to an indenture dated as of December 10, 1998 (the “Base Indenture”), between the Company and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association as successor to The Bank of New York Mellon Trust Company, N.A., as successor to The Bank of New York Mellon (formerly known as The Bank of New York), as trustee (the “Trustee”), as supplemented by a Fourth Supplemental Indenture to be dated as of November 13, 2026 (the “Fourth Supplemental Indenture”) between the Company and the Trustee.  Pursuant to an Agency Agreement to be dated as of November 13, 2026 (the “Agency Agreement”) relating to the Notes, the Company will appoint U.S. Bank Europe DAC, UK Branch to act as paying agent for the Notes and U.S. Bank Trust Company, National Association to act as registrar and transfer agent for the Notes.
 
The Notes are being offered and sold pursuant to the Company’s automatic shelf registration statement (the “Registration Statement”) on Form S-3 (File No. 333-299935), filed with the Securities and Exchange Commission (the “SEC”) on November 9, 2026. The Company has filed with the SEC a prospectus supplement, dated November 10, 2026, together with the accompanying prospectus, dated November 9, 2026, related to the offering and sale of the Notes.  This Current Report on Form 8‑K adds exhibits to that Registration Statement. This Current Report is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
 
The Company expects the net proceeds from the sale of the Notes to be approximately €744.5 million (or approximately $830.4 million based upon a euro/U.S. dollar exchange rate as of November 6, 2026 of €1.00 = $1.1154, as published by the Board of Governors of the Federal Reserve System)), before deducting estimated expenses of the offering. The Company expects to use the net proceeds primarily to repay the Company’s commercial paper borrowings, and also for general corporate purposes.  The notes will be senior unsecured obligations and will rank equally with all of the Company’s existing and future unsecured and unsubordinated debt.
 
The Notes will bear interest at the rate of 4.000% per year. Interest on the Notes is payable on November 13 of each year, beginning on November 13, 2027. The Notes will mature on November 13, 2032. Prior to maturity, the Company may redeem any or all of the Notes at any time at the redemption prices described in the Notes.  The notes will be issued in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof.
 
The above description of the Standard Provisions, the Pricing Agreement and the Notes is qualified in its entirety by reference to the Standard Provisions, the Pricing Agreement, the Base Indenture, the Fourth Supplemental Indenture and the form of Notes, each of which is incorporated by reference into the Registration Statement. The Original Indenture was filed with the SEC as Exhibit 4(b) to the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 1998. The Standard Provisions, the Pricing Agreement, the form of the Fourth Supplemental Indenture, the form of the Agency Agreement and the form of the Notes are attached to this Current Report on Form 8-K as Exhibit 1.1, Exhibit 1.2, Exhibit 4.1, Exhibit 4.2, and Exhibit 4.3, respectively.
 

Item 9.01
Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit No.
Description of Exhibit
   
1.1
Underwriting Agreement Standard Provisions dated November 10, 2026.
1.2
Pricing Agreement dated November 10, 2026, by and between Emerson Electric Co., J.P. Morgan Securities plc, Citigroup Global Markets Limited, Merrill Lynch International and Goldman Sachs & Co. LLC, as representatives of the several underwriters named in Schedule I thereto (included in Exhibit 1.1 above).
4.1
Form of Fourth Supplemental Indenture, to be dated as of November 13, 2026, by and between the Company and Computershare Trust Company, N.A., as trustee.
4.2
Form of Agency Agreement, to be dated as of November 13, 2026, by and among the Company, as issuer, U.S. Bank Europe DAC, UK Branch, as paying agent, U.S. Bank Trust Company, National Association, as registrar and transfer agent, and Computershare Trust Company, N.A., as trustee.
4.3
Form of 4.000% Notes due 2032 (included in Exhibit 4.1).
104
Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.


SIGNATURE
 
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 hereunto duly authorized.
 
Date: November 12, 2026
EMERSON ELECTRIC CO.




By:
/s/ John A. Sperino


John A. Sperino


Vice President and Assistant Secretary



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