Illinois Tool Works, Inc. (ITW), established in 1912 and headquartered in Glenview, Illinois, is a diversified multinational manufacturer of industrial products and equipment. The company operates a vast portfolio of brands across multiple sectors, including automotive, food equipment, and construction, emphasizing innovation and customer solutions. ITW's core purpose is to provide high-quality, engineered solutions that meet the intricate needs of its diverse clientele worldwide.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ITW 0.63% 2027-12-05 EURIllinois Tool Works, Inc. | United States | 2027-12-05 | 0.625 | 2.85 |
| ITW 1.00% 2031-06-05 EURIllinois Tool Works, Inc. | United States | 2031-06-05 | 1.000 | 3.25 |
| ITW 2.13% 2030-05-22 EURIllinois Tool Works, Inc. | United States | 2030-05-22 | 2.125 | 3.31 |
| ITW 2.65% 2026-11-15 USDIllinois Tool Works, Inc. | United States | 2026-11-15 | 2.650 | 3.76 |
| ITW 3.00% 2034-05-19 EURIllinois Tool Works, Inc. | United States | 2034-05-19 | 3.000 | 3.70 |
| ITW 3.25% 2028-05-17 EURIllinois Tool Works, Inc. | United States | 2028-05-17 | 3.250 | 2.99 |
| ITW 3.38% 2032-05-17 EURIllinois Tool Works, Inc. | United States | 2032-05-17 | 3.375 | 3.47 |
| ITW 3.90% 2042-09-01 USDIllinois Tool Works, Inc. | United States | 2042-09-01 | 3.900 | 5.46 |
| ITW 4.88% 2041-09-15 USDIllinois Tool Works, Inc. | United States | 2041-09-15 | 4.875 | 5.38 |
| ITW 4.88% 2041-09-15 USDIllinois Tool Works, Inc. | United States | 2041-09-15 | 4.875 | 5.43 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
ITW initiated its bond issuance strategy in 1986, establishing itself as a reliable issuer in the corporate debt market. Notably, in 2020, ITW executed a significant bond sale of $1 billion across multiple tranches, aimed to refinance existing debt and support strategic growth initiatives. As of October 2023, ITW's bonds yield around 3.2%, which is competitive compared to the broader industrial sector average of approximately 3.5%. The company has maintained a solid credit rating and often features callable bonds, providing flexibility in its capital management.