Lexmark prices $400 million debt offering

Thu Feb 28, 2013 4:30pm EST

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LEXINGTON, Ky.,  Feb. 28, 2013  /PRNewswire/ -- Lexmark International, Inc.
(NYSE:  LXK) announced that it priced yesterday a registered public debt
offering of  $400 million  in aggregate principal amount of its 5.125% Senior
Notes due 2020. The seven-year unsecured senior notes will have an effective
yield to maturity of 5.125% and will mature  March 15, 2020. The offering is
subject to customary closing conditions and is expected to close on  March 4,
2013.  

Lexmark intends to use a portion of the net proceeds from the offering to redeem
its 5.90% Senior Notes, which mature on  June 1, 2013, and the remaining net
proceeds will be used for general corporate purposes, including to repay other
debt, finance capital expenditures and operating expenses, fund share
repurchases, fund dividends, finance acquisitions, and invest in any
subsidiaries.

J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are joint
book-running managers for the debt offering.

Information About the Offering

Lexmark has filed a registration statement (including a prospectus) with the
Securities and Exchange Commission ("SEC") for the offering referred to in this
press release.  Before you invest, you should read the prospectus in that
registration statement and other documents the company has filed with the SEC
for more complete information about Lexmark and the offering. You may get these
documents for free by visiting EDGAR on the SEC website at  www.sec.gov.
Alternatively, Lexmark, any underwriter or any dealer participating in the
offering will arrange to send the prospectus if you request it by calling J.P.
Morgan Securities LLC collect at 1-212-834-4533 or Citigroup Global Markets Inc.
toll-free at 1-800-831-9146.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of these notes in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.

About Lexmark

Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with a
broad range of printing and imaging products, software, solutions and services
that help customers to print less and save more. Perceptive Software, a Lexmark
company, is a leading provider of process, intelligent capture and content
management software that helps organizations fuel greater operational
efficiency. In 2012, Lexmark sold products in more than 170 countries and
reported  $3.8 billion  in revenue.

To learn more about Lexmark, please visit  www.lexmark.com. For more information
on Perceptive Software, please visit  www.perceptivesoftware.com.  

For more information on Lexmark, see the  Lexmark Facebook page  and follow us
on  Twitter.  

For more information about Perceptive Software, please visit the company's 
Facebook  and  Twitter  profiles.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this release which are not historical facts are
forward-looking and involve risks and uncertainties which may cause Lexmark's
actual results or performance to be materially different from the results or
performance expressed or implied by the forward-looking statements. Factors that
may impact such forward-looking statements include, but are not limited to,
continued economic uncertainty related to volatility of the global economy,
inability to execute Lexmark's strategy to become an end-to-end solutions
provider; market acceptance of new products; inability to realize all of the
anticipated benefits of Lexmark's acquisitions; failure to successfully
integrate newly acquired businesses; fluctuations in foreign currency exchange
rates; decreased supplies consumption; possible changes in the size of expected
restructuring costs, charges, and savings; aggressive pricing from competitors
and resellers; changes in Lexmark's tax provisions or tax liabilities; the
inability to develop new products and enhance existing products to meet customer
needs on a cost competitive basis; reliance on international production
facilities, manufacturing partners and certain key suppliers; increased
investment to support product development and marketing; the financial failure
or loss of business with a key customer or reseller; periodic variations
affecting revenue and profitability; excessive inventory for Lexmark's reseller
channel; failure to manage inventory levels or production capacity; credit risk
associated with Lexmark's customers, channel partners, and investment portfolio;
entrance into the market of additional competitors focused on imaging and
software solutions, including enterprise content management, intelligent capture
and business process management solutions; inability to perform under managed
print services contracts; increased competition in the aftermarket supplies
business; fees on Lexmark's products or litigation costs required to protect
Lexmark's; inability to obtain and protect Lexmark's intellectual property
rights and defend against claims of infringement and/or anticompetitive conduct;
the outcome of litigation or regulatory proceedings to which Lexmark may be a
party; unforeseen cost impacts as a result of new legislation; the inability to
attract, retain and motivate key employees; changes in a country's political or
economic conditions; the failure of information technology systems, including
data breaches or cyber attacks; disruptions at important points of exit and
entry and distribution centers; business disruptions; terrorist acts; acts of
war or other political conflicts; or the outbreak of a communicable disease; and
other risks described in Lexmark's Securities and Exchange Commission filings.
Lexmark undertakes no obligation to update any forward-looking statement.

Lexmark and Lexmark with diamond design are trademarks of Lexmark International,
Inc., registered in the U.S. and/or other countries. All other trademarks are
the property of their respective owners.



SOURCE  Lexmark International, Inc.


Investor Contact: John Morgan, +1-859-232-5568, jmorgan@lexmark.com; Media
Contact: Jerry Grasso, +1-859-232-3546, ggrasso@lexmark.com

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