Eaton Corporation plc (formerly known as Eaton Corporation Limited) Announces Closing of $4.9 Billion Senior Notes Offering

CLEVELAND--()--Eaton Corporation plc (formally known as Eaton Corporation Limited) today announced that its indirect subsidiary, Turlock Corporation, closed the private offering of senior notes announced on November 14, 2012. The senior notes, offered under Rule 144A and outside the US to non-US persons, amounted to $4.9 billion in the aggregate with a weighted-average coupon of 2.74 percent.

The Issuer intends to use the net proceeds of the offering to fund a portion of the consideration for the proposed acquisition (the “Acquisition”) by the Issuer and Eaton Corporation (“Eaton”) of Cooper Industries plc (“Cooper”).

Statements Required by the Takeover Rules

The directors of Eaton accept responsibility for the information contained in this press release, other than that relating to Cooper, its associates and the directors of Cooper and members of their immediate families, related trusts and persons connected with them. To the best of the knowledge and belief of the directors of Eaton (who have taken all reasonable care to ensure such is the case), the information contained in this communication for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.

Persons interested in one percent or more of any relevant securities in Eaton or Cooper may from the date of this communication have disclosure obligations under rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007 (as amended).


Eaton Corporation
Don Bullock, Investor Relations, 216-523-5127
Scott Schroeder, Media Relations, 216-523-5150

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