May 19, 2009 (FinancialWire) — Regal Beloit Corp. (NYSE: RBC) has launched a public offering of 3.5 million shares of common stock. Robert W. Baird & Co. will act as the underwriter.

The company will grant the underwriter an option to purchase up to 525,000 additional shares of common stock at the same price per share to cover any over-allotments.

Regal Beloit plans to use the net proceeds from the offering for general corporate and working capital purposes, including the potential repayment of long-term debt and the funding of future acquisitions.

Beloit, Wisconsin-based Regal Beloit is a manufacturer of mechanical and electrical motion control and power generation products serving markets throughout the world.

The company has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia.

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