GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) has announced the pricing of $800 million principal amount of 5.15 percent notes due April 1, 2014, and $700 million principal amount of 6.25 percent notes due April 1, 2019, for a total offering of $1.5 billion. The notes will be unsecured senior obligations of the company.

ITW expects to close the offering on March 26, subject to customary closing conditions, and intends to use the proceeds to repay short-term indebtedness as part of its commercial paper program and for general corporate purposes.

The notes are to be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and may be offered to institutional buyers outside the United States in accordance with Regulation S under the Securities Act.

The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state securities laws.