Praxair sets redemption price of 5.2% notes at 104.696% plus interest

By Wendy Van Sickle

Columbus, Ohio, Feb. 26 – Praxair, Inc. has set the redemption price at 104.696% plus accrued interest for all $325 million of its 5.2% notes due March 15, 2017, according to a notice.

As previously reported, the notes, originally issued on March 15, 2007, will be redeemed on Feb. 29.

The price includes a make-whole premium that was determined based on a spread of 15 basis points over Treasuries.

U.S. Bank, NA is the trustee and tender agent.

Praxair is a Danbury, Conn.-based industrial gas supplier.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.