RYE BROOK, N.Y.--(BUSINESS WIRE)--Xylem Inc. a leading global water technology company, today announced that it has closed its offering of $500 million of 3.250% senior notes due 2026 and $400 million of 4.375% senior notes due 2046.

The Company intends to use the net proceeds of the transaction, together with cash on hand, proceeds from issuances under the Company’s existing commercial paper program and borrowings under a new euro-denominated term loan, to fund the $1.7 billion cash purchase price of its acquisition of the direct and indirect subsidiaries of Sensus Worldwide Limited (other than Sensus Industries Limited).

About Xylem

Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. Xylem is headquartered in Rye Brook, New York, with 2015 revenues of $3.7 billion and more than 12,500 employees worldwide.