Airgas, Inc. (NYSE: ARG) announced today it has priced $300 million of 3.65% senior notes due July 15, 2024. The offering is expected to close on June 17, 2014, subject to customary closing conditions. The Company’s long-term debt is rated Baa2 by Moody’s Investors Service and BBB by Standard and Poor’s Corporation.
The Company intends to use the net proceeds from the offering for general corporate purposes, including funding acquisitions and repayment of indebtedness. Initially, the Company expects to use the net proceeds to repay indebtedness under its commercial paper program.
Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, served as Joint Book-Running Managers on this transaction.
The notes are being offered under a shelf registration statement filed with the U.S. Securities and Exchange Commission. The offering will be made only by means of a preliminary prospectus supplement and accompanying base prospectus, copies of which may be obtained by contacting: Goldman, Sachs & Co. by phone at 866-471-2526 or by email at email@example.com; Merrill Lynch, Pierce, Fenner & Smith Incorporated by mail at 222 Broadway, 11 th Floor, New York, New York 10038, Attention: Prospectus Department, by phone at 800-294-1322 or by email at firstname.lastname@example.org; and Wells Fargo Securities, LLC, by mail at 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attention: Capital Markets Client Support, by phone at 800-326-5897 (toll-free) or by email at email@example.com. A copy of the preliminary prospectus supplement and accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission's website, at www.sec.gov.This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.