Coates International to raise $300M through bond issue deal

The company said the funding will be used to establish manufacturing facilities in Miami, Okla., and near the company headquarters in Wall.

The forthcoming facilities will manufacture the company’s industrial electric power generators that run on natural gas, and tractor-trailer diesel engines. The generators and the engine use the company’s spherical rotary valve system technology.

Coates said hiring plant workers and making investments in Oklahoma will help it qualify for business and tax incentives in the state.

E-mail João-Pierre Ruth at jpruth@njbiz.com

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