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Mueller Water Products Announces Pricing of Offering of $450 Million 5.5% Senior Notes due 2026

ATLANTA, June 07, 2018 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (MWA) (the “Company”) today priced an offering of $450,000,000 aggregate principal amount of 5.5% Senior Notes due 2026 (the “Notes”) at par.  The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).

The Company intends to use the net proceeds from the offering, together with cash on hand, to repay the Company’s senior secured term loan.

The Notes will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States in accordance with Regulation S under the Securities Act.  The offer and sale of the Notes have not been registered under the Securities Act or the securities laws of any state or other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable securities laws of any state or other jurisdiction.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation, or sale is unlawful. Any offers of the Notes will be made only by means of a private offering memorandum.

About Mueller Water Products

Mueller Water Products, Inc. (MWA) is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. Our broad product and service portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure®.

Investor Contact:
Whit Kincaid

Media Contact:
Yolanda Kokayi