# ILLINOIS TOOL WORKS INC (ITW) — capital_raise/public_offering [announced]
Source: sec.gov · situation sit_9e8ea604a706f662b7ca · public 2624064372107528988 · retrieved 2026-08-20T13:16:34.436Z

## Overview
Illinois Tool Works Inc. is a Delaware corporation that manufactures and sells industrial products and equipment across multiple business segments.

On August 11, 2026, Illinois Tool Works Inc. entered into an underwriting agreement with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as representatives of the underwriters. On August 13, 2026, the Company issued $1,500,000,000 in aggregate principal amount of 4.650% notes due 2029 pursuant to its Form S-3 ASR shelf registration statement. The Notes mature on August 13, 2029 and bear interest at 4.650% per annum, payable semi-annually on February 13 and August 13 of each year, beginning February 13, 2027. The Company intends to use the net proceeds to repay a portion of indebtedness incurred under its commercial paper program, with any remaining proceeds used for general corporate purposes including repayment of other outstanding indebtedness.

## Terms
- Counterparty: Citigroup Global Markets Inc., J.P. Morgan Securities LLC (and other underwriters) · Deal value: $1.50B · Consideration: cash

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · 8-K (0001193125-26-349149): 8-K - ILLINOIS TOOL WORKS INC — *Illinois Tool Works Inc. is a Delaware corporation that manufactures and sells industrial products and equipment across multiple business segments.* On August 11, 2026, Illinois Tool Works Inc. entered into an underwriting agreement with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as representatives of the underwriters. On August 13, 2026, the Company issued $1,500,000,000 in aggregate principal amount of 4.650% notes due 2029 pursuant to its Form S-3 ASR shelf registration statement. The Notes mature on August 13, 2029 and bear interest at 4.650% per annum, payable semi-annually on February 13 and August 13 of each year, beginning February 13, 2027. The Company intends to use the net proceeds to repay a portion of indebtedness incurred under its commercial paper program, with any remaining proceeds used for general corporate purposes including repayment of other outstanding indebtedness.
  https://www.sec.gov/Archives/edgar/data/49826/0001193125-26-349149.txt

## Citations
- 0001193125-26-349149 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526349149