Danbury industrial gas maker Praxair Inc. said it is issuing $600 million of 4.5 percent notes due Aug. 15, 2019.
The issue priced at a discount of 99.506 percent.
The notes are being offered under its universal shelf registration statement filed with the U.S. Securities and Exchange Commission.
Banc of America Securities, Credit Suisse Securities, and HSBC Securities Inc. are leading the offering.
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“The market is liquid with strong investor demand and spreads have returned to attractive levels,” said Praxair President and Treasurer Michael J. Allan, in a statement.
The offering is expected to close on Aug 13.
The company said it plans on using proceeds to repay short-term debt and for general corporate purposes. (AP)
