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Daily News

York Announces Issuance of Debt Offering
Nov 22, 2002
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York International Corporation announced the issuance of a U.S. $100 million debt offering for 5.80 percent coupon rate senior notes, due Nov. 15, 2012. Salomon Smith Barney, J.P. Morgan, and Wachovia Securities were the bond issue underwriters. The proceeds of the bond issue will be used to reduce short-term
borrowings.

Commenting on the bond issue, David Myers, Vice President and CFO, said, "York's record of strong cash flow enabled the company to successfully complete this debt offering on favorable terms and continue to provide international financing flexibility."

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