Danbury industrial-gas supplier Praxair Inc. is offering two short-term debt issues totaling $900 million partly to fund acquisitions and a stock buyback.
Praxair said it priced $400 million of 0.75 percent notes due Feb. 21, 2016 and $500 million of 2.7 percent notes due Feb. 21, 2023.
The offering, due to close Feb. 21, is led by HSBC Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. and Mitsubishi UFJ Securities Inc.
Last week, Praxair entered a tentative pact to pay $1.1 billion cash for a Florida soda and beer carbonator NuCO2 Inc.
