Cintas subsidiary issues $250 million of 2.85% Senior Notes and $250 million of 4.30% Senior Notes
Clients Cintas Corporation
Jones Day represented Cintas Corporation, a specialized products and services provider, in connection with the issuance of $250 million aggregate principal amount of 2.85% Senior Notes due 2016 and $250 million aggregate principal amount of 4.30% Senior Notes due 2021 in a public offering by its subsidiary, Cintas Corporation No. 2, underwritten by KeyBanc Capital Markets, J.P. Morgan, PNC Capital Markets LLC, and US Bancorp.
The net proceeds from the offering of Senior Notes were used to repay outstanding commercial paper borrowings and for general corporate purposes, including the repurchase of shares under Cintas Corporation's share repurchase program.