Issuer: |
Hubbell Incorporated | |
Title of Securities: |
5.95% Senior Notes due 2018 | |
Principal Amount: |
$300,000,000 | |
Maturity: |
June 1, 2018 | |
Coupon (Interest Rate): |
5.95% | |
Issue Price (Price to Public): |
99.236% of principal amount | |
Benchmark Treasury: |
3.875%; May 15, 2018 | |
Spread to Benchmark Treasury: |
205 bps (3.875%; May 15, 2018) | |
Benchmark Treasury Price and Yield: |
$98-30+; 4.003% | |
Yield to Maturity: |
6.053% | |
Make-Whole Provision: |
Treasury + 30 bps | |
Interest Payment Dates: |
June 1 and December 1, commencing | |
December 1, 2008 | ||
Redemption Provisions: |
No mandatory redemption provisions | |
Hubbell Incorporated may, at its option, | ||
redeem the notes as described in the | ||
Preliminary Prospectus Supplement, dated | ||
May 28, 2008 | ||
Change of Control Offer: |
As described in the Preliminary Prospectus | |
Supplement, dated May 28, 2008 | ||
Legal Format: |
SEC-registered | |
Trade Date: |
May 28, 2008 | |
Settlement Date: |
T+3; June 2, 2008 |
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Joint Book-Running Managers |
J.P. Morgan Securities Inc. | |
Morgan Stanley & Co. Incorporated | ||
Co-Managers: |
Banc of America Securities LLC | |
HSBC Securities (USA) Inc. | ||
BNY Mellon Capital Markets, LLC | ||
Wachovia Capital Markets, LLC | ||
CUSIP: |
443510AE2 | |
ISIN: |
US443510AE25 | |
Use of Proceeds: |
To repay approximately $260 million of | |
outstanding commercial paper borrowings | ||
and the remainder for general corporate | ||
purposes. | ||
Ratings: |
A3 (Moodys) | |
A+ (S&P) | ||
A (Fitch) |
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. | ||
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