Regal Rexnord Announces Extension of Tender Offer

BELOIT, Wis., March 13, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) (the "Offeror") announced today that it has amended the terms of the previously announced cash tender offer (the "Tender Offer") and consent solicitation (together with the Tender Offer, the "Tender Offer and Consent Solicitation"), to purchase for cash any and all of the outstanding 6.125% Senior Notes due 2026 (the "Notes") of Stevens Holding Company, Inc., a wholly-owned subsidiary of Altra Industrial Motion Corp. ("Altra"), from the holders thereof (the "Holders"), to extend the expiration date from 5:00 p.m., New York City time, on March 13, 2023 to 5:00 p.m., New York City time, on March 20, 2023 (as so extended, and as may be further extended, the "Expiration Date"). Capitalized terms used but not defined herein have the meanings ascribed to them in the Offeror's Offer to Purchase and Consent Solicitation Statement, dated February 10, 2023 (the "Statement").