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HUBBELL INC — Capital/Financing Update 2008
May 29, 2008
30249_rns_2008-05-29_ee77de4e-6dc1-45bb-9d6e-bf06bf50f3ce.zip
Capital/Financing Update
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Filed Pursuant to Rule 433 Registration No. 333-151206
Pricing Term Sheet May 28, 2008
HUBBELL INCORPORATED
$300,000,000 5.95% Senior Notes due 2018
| 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.
The offer and sale of the notes to which this final term sheet relates have been registered by Hubbell Incorporated by means of a registration statement on Form S-3 (SEC File No. 333-151206).
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities Inc. collect at 1-212-834-4533 and Morgan Stanley & Co. Incorporated at 1-866-718-1649.
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