Praxair, Inc. has priced $475m of 1.25% notes due November 7, 2018 and $175m of 3.55% notes due November 7, 2042.
The notes are being offered under its universal shelf registration statement filed with the US Securities and Exchange Commission. The offering is led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and RBS Securities Inc.
The offering is expected to close on May 7, 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.
First-quarter sales of $2.9bn; adjusted diluted EPS of $1.38. Completed acquisition of NuCO2 micro-bulk carbon dioxide business. Announced signing of North West Redwater energy project, supply of 2,000 tonnes-per-day of oxygen in Alberta; project development activity remains solid.
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