3.8.2006: Meldung: Steelcase Inc.: $250 Million of Senior Notes

Steelcase to Issue $250 Million of Senior Notes
Wednesday August 2, 2:35 pm ET

GRAND RAPIDS, Mich., Aug. 2 / Steelcase Inc. announced today that it has agreed to sell $250 million aggregate principal amount of 6.5% senior notes due August 15, 2011 in an underwritten public offering in which Banc of America Securities LLC and J.P. Morgan Securities Inc. are acting as representatives of the several underwriters. The company plans to use the net proceeds from the sale of the notes, together with available cash on hand, to repay the $250 million aggregate principal amount of its 6.375% senior notes due November 15, 2006. Pending repayment of its 6.375% senior notes, the company may invest the net proceeds from this offering in short-term marketable securities. The offering is expected to close on August 7, 2006. This communication does not constitute an offer to sell or a solicitation of an offer to buy the notes. A prospectus related to the offering of the notes may be obtained by contacting:

Banc of America Securities LLC
Attn: High Grade Transaction Management
9 West 57th Street
New York, NY 10019
Telephone: (212) 933-3433
Facsimile: (212) 847-6777

J.P. Morgan Securities Inc.
Attn: High Grade Syndicate - 8th Floor
270 Park Avenue
New York, New York 10017
Telephone: (212) 834-4533
Facsimile: (212) 834-6081

About Steelcase Inc.

Steelcase, the global leader in the office furniture industry, helps people have a better work experience by providing products, services and insights into the ways people work. The company designs and manufactures architecture, furniture and technology products.

Source: Steelcase Inc.
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