IDEX Corporation Announces Pricing of Public Offering of Senior Notes

IDEX Corporation (NYSE: IEX) today announced the pricing of its public offering of $500.0 million principal amount of 2.625% Senior Notes due 2031. The notes will be senior obligations that rank equally with all of IDEX’s other senior unsecured indebtedness. Closing of the offering is expected to occur on May 28, 2021, subject to the satisfaction of customary closing conditions.

IDEX estimates that the net proceeds from the offering will be approximately $494.3 million, after deducting underwriting discounts and commissions and our estimated offering expenses. The company intends to use approximately $357.4 million of the net proceeds from this offering to redeem and repay all $350.0 million aggregate principal amount outstanding of the company’s 4.2% Senior Notes due December 15, 2021 and related accrued interest and redemption premiums, and the balance of the net proceeds will be used for general corporate purposes.

J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

IDEX is making this offering pursuant to a shelf registration statement that automatically became effective upon filing with the Securities and Exchange Commission (the “SEC”). This offering will be made solely by means of a prospectus and prospectus supplement. You may obtain a copy of the preliminary prospectus supplement, the accompanying prospectus and the final prospectus supplement, when available, for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you any of those documents upon request by contacting the joint book-running managers at:

J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: Investment Grade Syndicate Desk; Telephone: [phone].

BofA Securities, Inc., 200 North College Street (NC1-004-03-43), 3rd floor, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department; Telephone: [phone] or Email: [e-mail]

Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attn: WFS Customer Service; Telephone [phone] or Email: [e-mail]

This press release shall not constitute a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.