Kennametal Inc. (NYSE: KMT) announced the pricing of a public offering of $300,000,000 aggregate principal amount of its 4.625% Senior Notes due June 15, 2028 under the company's shelf registration statement.

The company expects to receive the net offering proceeds upon closing June 7, 2018, subject to customary closing conditions. Kennametal intends to use the net proceeds from the offering, plus cash on hand, to redeem its 2.650% notes due November 2019 and for general corporate purposes. Any such redemption would be made in accordance with the terms of the applicable indenture, including providing the required notice of redemption. Pending such redemption, the company may use the net offering proceeds to reduce any outstanding indebtedness, or invest the net proceeds in short-term investments.

About Kennametal 

Celebrating its 80th year as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 11,000 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $2.1 billion in revenues in fiscal 2017.