Praxair Inc. is selling $400 million of six-year debt notes to fund the Danbury industrial gas maker’s operations.
The notes bear interest of 3.25 percent and are due Sept. 15, 2015.
They are being offered under Praxair’s universal shelf registration filed with the Securities and Exchange Commission. Originally, Praxair planned to offer $350 million in notes.
The offering, expected to close Tuesday, is led by Citigroup Global Markets Inc. and RBS Securities Inc.
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Praxair said the proceeds will go to repay short-term debt and for general corporate purposes.
The company’s long-term debt is rated A2 by Moody’s Investors Service and A by Standard and Poor’s Corp.
