Air Products entered into an underwriting agreement to issue and sell $750,000,000 of 4.600% Notes due 2029, $600,000,000 of 4.750% Notes due 2031, and $1,150,000,000 of 4.850% Notes due 2034 on February 6, 2024.

1. 01

   Air Products entered into an underwriting agreement to issue and sell $750,000,000 of 4.600% Notes due 2029, $600,000,000 of 4.750% Notes due 2031, and $1,150,000,000 of 4.850% Notes due 2034 on February 6, 2024.

2. 02

   The company said it expects net proceeds from the notes sale, after the underwriter's discount and estimated offering expenses, of about $2.48 billion.

3. 03

   The company said it expects to allocate an amount equal to the net proceeds to finance or refinance all or part of Eligible Projects, citing expenditures related to green and blue hydrogen and ammonia projects, renewable energy generation and procurement, and sustainable aviation fuel as examples.

4. 04

   The company said it expects the notes sale to close on or about February 8, 2024, subject to customary closing conditions. It said it may hold the unallocated balance of the net proceeds in its Treasury liquidity portfolio or use it to repay part of its existing debt.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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