News Article
Praxair prices $500 million of 1.2 percent notes due 2018
The company eventually intends to use the proceeds for general corporate purposes, including repayment of debt and share repurchases
Manufacturer and distributor of atmospheric and process gases used in MOCVD growth, Praxair has priced $500 million of 1.20% notes due March 4th, 2018.
The notes are being offered under the firm's universal shelf registration statement filed with the U.S. Securities and Exchange Commission. The offering is being underwritten by Citigroup Global Markets Inc.
The offering is expected to close on March 4th, 2013. The company anticipates using the proceeds of the offering for general corporate purposes, including repayment of debt and share repurchases under the company's share repurchase program. Prior to their application, the net proceeds may be used to repay short-term debt and/or invested in short-term investments.
The offering is being made by means of a prospectus and related prospectus supplement only.
The notes are being offered under the firm's universal shelf registration statement filed with the U.S. Securities and Exchange Commission. The offering is being underwritten by Citigroup Global Markets Inc.
The offering is expected to close on March 4th, 2013. The company anticipates using the proceeds of the offering for general corporate purposes, including repayment of debt and share repurchases under the company's share repurchase program. Prior to their application, the net proceeds may be used to repay short-term debt and/or invested in short-term investments.
The offering is being made by means of a prospectus and related prospectus supplement only.
