Enpro Announces $450 Million Senior Notes Offering to Refinance Debt

Enpro Inc. (NYSE: NPO) announced plans to offer $450 million in senior notes due 2033, targeting qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
The company intends to use the proceeds to:
• Redeem its outstanding 5.75% senior notes due 2026
• Repay borrowings under its senior secured revolving credit facility
• Cover related fees and expenses
This offering aims to optimize Enpro’s capital structure and reduce interest obligations. The company clarified that this is not an offer to sell or a redemption notice, and the formal redemption of the 2026 notes is being communicated separately.
Enpro cautioned that the offering’s completion depends on market conditions and other factors beyond its control.