ARLINGTON, Va.--(BUSINESS WIRE)--FLIR Systems, Inc. (NASDAQ: FLIR), a world leader in the design, manufacture, and marketing of intelligent sensing technologies, today announced it has priced a public offering of $500 million aggregate principal amount of 2.5% notes due August 1, 2030. FLIR expects to receive net proceeds of approximately $494 million, after deducting underwriting discounts and estimated offering expenses. The proceeds from the sale of the Notes are expected to be used to redeem FLIR’s $425 million in aggregate principal amount of 3.125% notes due June 15, 2021, and for general corporate purposes, which may include funding for working capital, investments in our subsidiaries, capital expenditures, acquisitions, and stock repurchases. Also on July 20, 2020, FLIR issued a notice to holders of the 2021 notes that it intends to redeem the 2021 notes in full on August 19, 2020, conditioned on the consummation of the offering of the Notes (and receipt of the proceeds therefrom), which is expected to be on August 3, 2020.

BofA Securities, Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.

The public offering is being made pursuant to an effective shelf registration statement on Form S-3 on file with the U.S. Securities and Exchange Commission.

About FLIR Systems, Inc.

Founded in 1978, FLIR Systems is a world-leading industrial technology company focused on intelligent sensing solutions for defense and industrial applications. FLIR Systems’ vision is to be “The World’s Sixth Sense,” creating technologies to help professionals make more informed decisions that save lives and livelihoods. For more information, please visit www.flir.com and follow @flir.