Praxair, Inc. has priced $500m of 3.00% notes due 1st September 2021. The notes are being offered under Praxair’s universal shelf registration statement, while the offer is expected to close tomorrow, 6th September.
Praxair, Inc. has priced $500m of 3.00% notes due 1st September 2021. The notes are being offered under Praxair’s universal shelf registration statement filed with the U.S. Securities and Exchange Commission.
According to the North and South American industrial gas firm, the offering is led by Credit Suisse Securities (USA) LLC, RBS Securities Inc., Mitsubishi UFJ Securities (USA), Inc., and Wells Fargo Securities, LLC. The offer is expected to close tomorrow, on 6th September 2011.
In an official press statement released at the end of August, Praxair described its motivations: “The company anticipates using the proceeds of the offering to repay short-term debt, to fund share repurchases under the company’s share repurchase program and for general corporate purposes. Prior to their application, the net proceeds may be invested in short-term investments.”
Praxair’s long-term debt is classed 'A2' by Moody’s Investors Service and 'A' by Standard and Poor’s, a division of The McGraw-Hill Companies.
Houston, Texas, based Thigpen Energy has selected Chart for the provision of LNG fueling equipment and supplies – with construction already underway. Earlier this week it was announced that the company’s eastern European outfit, Chart Ferox, was chosen to construct LNG filling station in Poland.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.