0001104659-11-029987.txt : 20110518 0001104659-11-029987.hdr.sgml : 20110518 20110518165939 ACCESSION NUMBER: 0001104659-11-029987 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110518 DATE AS OF CHANGE: 20110518 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CINTAS CORP CENTRAL INDEX KEY: 0000723254 STANDARD INDUSTRIAL CLASSIFICATION: MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320] IRS NUMBER: 311188630 STATE OF INCORPORATION: WA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-160926 FILM NUMBER: 11855468 BUSINESS ADDRESS: STREET 1: 6800 CINTAS BLVD STREET 2: P O BOX 625737 CITY: CINCINNATI STATE: OH ZIP: 45262 BUSINESS PHONE: 5134591200 MAIL ADDRESS: STREET 1: 6800 CINTAS BOULEVARD STREET 2: P O BOX 625737 CITY: CINCINNATI STATE: OH ZIP: 45262 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CINTAS CORP NO 2 CENTRAL INDEX KEY: 0001182641 STANDARD INDUSTRIAL CLASSIFICATION: MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320] IRS NUMBER: 31170380 STATE OF INCORPORATION: NV FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: P.O. BOX 625737 CITY: CINCINNATI STATE: OH ZIP: 45262 BUSINESS PHONE: 5135734013 MAIL ADDRESS: STREET 1: P.O. BOX 625737 CITY: CINCINNATI STATE: OH ZIP: 45262 FWP 1 a11-11272_3fwp.htm FWP

 

Filed Pursuant to Rule 433
Registration No. 333-160926

May 18, 2011

 

FINAL TERM SHEET

Dated May 18, 2011

 

CINTAS CORPORATION NO. 2

 

Issuer:

 

Cintas Corporation No. 2

 

 

 

Guarantors:

 

Cintas Corporation and the subsidiary guarantors

 

 

 

Description of Securities:

 

2.85% Senior Notes due June 1, 2016 (“Notes due 2016”)

 

 

4.30% Senior Notes due June 1, 2021 (“Notes due 2021”)

 

 

 

Principal Amount Offered:

 

Notes due 2016: $250,000,000

 

 

Notes due 2021: $250,000,000

 

 

 

Coupon:

 

Notes due 2016: 2.85% per annum

 

 

Notes due 2021: 4.30% per annum

 

 

 

Interest Payment Dates:

 

Semi-annually on June 1 and December 1, commencing December 1, 2011

 

 

 

Maturity:

 

June 1, 2016

 

 

June 1, 2021

 

 

 

Treasury Benchmark:

 

Notes due 2016: 2.000% due April 30, 2016

 

 

Notes due 2021: 3.125% due May 15, 2021

 

 

 

US Treasury Yield:

 

Notes due 2016: 1.851%

 

 

Notes due 2021: 3.176%

 

 

 

Spread to Treasury:

 

Notes due 2016: 100 basis points

 

 

Notes due 2021: 115 basis points

 

 

 

Re-offer Yield:

 

Notes due 2016: 2.851%

 

 

Notes due 2021: 4.326%

 

 

 

Initial Price to Public:

 

Notes due 2016: 99.995%

 

 

Notes due 2021: 99.789%

 

 

 

Underwriters Discount:

 

Notes due 2016: 0.600%

 

 

Notes due 2021: 0.650%

 

 

 

Proceeds, before expenses, to us:

 

Notes due 2016: 99.395%

 

 

Notes due 2021: 99.139%

 

 

 

Optional Redemption:

 

Notes due 2016: Make-whole Spread: 15 basis points

 

 

Notes due 2021: Make-whole Spread: 20 basis points

 


 

Offer to Repurchase:

 

Upon the occurrence of both (i) a change of control of Cintas and (ii) a downgrade of the notes below an investment grade rating by each of Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services within a specified period, Cintas will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase.

 

 

 

Minimum Denomination:

 

$1,000 and integral multiples of $1,000

 

 

 

Expected Settlement Date:

 

May 23, 2011 (T+3)

 

 

 

CUSIP:

 

Notes due 2016: 17252MAJ9

 

 

Notes due 2021: 17252MAK6

 

 

 

ISIN:

 

Notes due 2016: US17252MAJ99

 

 

Notes due 2021: US17252MAK62

 

 

 

Joint Book-Running Managers:

 

KeyBanc Capital Markets Inc.

J.P. Morgan Securities LLC

 

 

 

Co-Managers:

 

PNC Capital Markets LLC

U.S. Bancorp, Investments, Inc.

 

The security ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by Moody’s Investors Service, Inc. and Standard and Poor’s Ratings Services. Each of the security ratings above should be evaluated independently of any other security rating.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling KeyBanc Capital Markets Inc. at (866) 227-6479 or J.P. Morgan Securities LLC at (212) 834-4533.