Airgas, Inc. has today announced that it has priced $250m of 3.25% senior notes due 1st October 2015. The company plans to off-set some of its revolving credit facilities with the resulting funds.
Earlier today the firm announced that it has priced $250m of 3.25% senior notes due 1st October 2015. The notes are being offered under a shelf registration statement filed with the U.S. Securities and Exchange Commission.
Airgas anticipates the offer to close on 30th September 2010. Furthermore, the Company plans to use proceeds to reduce the outstanding balances of its revolving credit facilities. The Firm’s long-term debt has been awarded a BBB rating by Standard and Poor’s Corporation and Baa3 by Moody’s Investor Service.
Three agencies acted as Joint Book-Running Managers during the transaction, this included the Banc of America Securities LLC, Goldman, Sachs & Co., as well as Wells Fargo Securities, LLC.
The offering will be made only by means of a preliminary prospectus supplement and accompanying based prospectus, copies of which may be obtained from one of the three Book-Running Managers. Alternatively, copies of the preliminary prospectus supplement and accompanying base prospectus may also be obtained free of charge at the Securities and Exchange Commission’s website www.sec.gov