OREANDA-NEWS. FLIR Systems, Inc. (NASDAQ: FLIR) today announced it has priced a public offering of $425 million aggregate principal amount of 3.125% notes due June 15, 2021. FLIR expects to receive net proceeds of approximately $421 million, after deducting underwriting discounts, and estimated offering expenses. The proceeds from the sale of the notes are expected to be used to prepay existing $250 million principal amount notes that are due September 1, 2016, and for general corporate purposes, which may include funding for working capital, investments in or extensions of credit to our subsidiaries, capital expenditures, acquisitions, and stock repurchases. The offering is expected to close on June 10, 2016.

Merrill Lynch, Pierce, Fenner & Smith Incorporated 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy FLIR's notes or any other securities, nor shall there be any sale of securities mentioned in this press release in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. FLIR's advanced systems and components are used for a wide variety of thermal imaging, situational awareness, and security applications, including airborne and ground-based surveillance, condition monitoring, navigation, recreation, research and development, manufacturing process control, search and rescue, drug interdiction, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) threat detection.