GlobeNewswire Inc | Jan 17, 2022 04:52PM EST

January 17, 2022

GLENVIEW, Ill., Jan. 17, 2022 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) (the Company) announced today that it will redeem all of the 500,000,000 in aggregate principal amount of the Companys 1.750% Senior Notes due 2022 (the Notes) issued pursuant to that certain Indenture dated as of November 1, 1986, as supplemented by the First Supplemental Indenture dated as of May 1, 1990, between the Company and The Bank of New York Mellon Trust Company, N.A., as successor trustee, at a redemption price equal to the outstanding principal amount, plus accrued and unpaid interest on the principal amount. The redemption date for the Notes will be February 22, 2022.

About Illinois Tool WorksITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $12.6 billion in 2020. The companys seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITWs approximately 43,000 dedicated colleagues around the world thrive in the companys decentralized and entrepreneurial culture. www.itw.com

Media Contact Investor RelationsIllinois Tool Works Illinois Tool WorksTel: 224.661.7451 Karen Fletchermediarelations@itw.com Tel: 224.661.7433 investorrelations@itw.com