Filed Pursuant to Rule 424(b)(5)
Registration No. 333-240362
The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
SUBJECT TO COMPLETION, DATED APRIL 26, 2022
PRELIMINARY PROSPECTUS SUPPLEMENT
(To Prospectus Dated August 4, 2020)
$
Cintas Corporation No. 2
$ % Senior Notes due
$ % Senior Notes due
Fully and Unconditionally Guaranteed by
Cintas Corporation
We are offering $ aggregate principal amount of % senior notes due , which we refer to as the “ notes,” and $ aggregate principal amount of % senior notes due , which we refer to as the “ notes.” We refer to the notes and the notes, collectively, as the “notes.”
We will pay interest on the notes on and of each year, beginning on . The notes will mature on , . The notes will mature on , . The notes will be issued only in denominations of $2,000 and integral multiples of $1,000 above that amount.
We intend to use the net proceeds from this offering to (i) redeem all of our outstanding 3.250% Senior Notes due 2022, which we refer to as the “3.250% notes,” and (ii) repay outstanding borrowings under our revolving credit facility. We intend to use any remaining net proceeds from this offering for general corporate purposes.
We have the option to redeem some or all of the notes at any time and from time to time, as described under the heading “Description of the Notes—Optional Redemption.” If a change of control triggering event occurs, we will be required to offer to purchase the notes at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to the date of purchase. See “Description of the Notes—Offer to Repurchase Upon a Change of Control Repurchase Event.”
The notes will be our senior unsecured obligations and will rank equally with all of our other existing and future senior unsecured and unsubordinated indebtedness, but will be effectively junior to any secured indebtedness that we may incur in the future to the extent of the value of the assets securing such indebtedness. The notes will be unconditionally guaranteed, jointly and severally, by Cintas Corporation and certain of its subsidiaries. For a more detailed description of the notes, see “Description of the Notes.”
Neither the Securities and Exchange Commission, which we refer to as the “SEC,” nor any state securities commission has approved or disapproved of the notes or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
See “Risk Factors” beginning on page S-7 of this prospectus supplement and the risk factors contained in our Annual Report on Form 10-K for the fiscal year ended May 31, 2021, which are incorporated by reference herein, for a discussion of certain risks that you should consider in connection with an investment in the notes.
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| | Per Note | | | Total | | | Per Note | | | Total | |
Public offering price(1) | | | | % | | $ | | | | | | % | | $ | | |
Underwriting discount | | | | % | | $ | | | | | | % | | $ | | |
Proceeds (before expenses) to Cintas Corporation No. 2 | | | | % | | $ | | | | | | % | | $ | | |
(1) | Plus accrued interest, if any, from , 2022, if settlement occurs after that date. |
The notes will not be listed on any securities exchange. Currently, there is no public market for the notes.
The underwriters expect to deliver the notes offered hereby in book-entry form through The Depository Trust Company on or about , 2022.
Joint Book-Running Managers
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KeyBanc Capital Markets | | MUFG | | Wells Fargo Securities |
The date of this prospectus supplement is , 2022.