PPG Industries conducts offering of fixed-rate notes in two tranches

By Devika Patel

Knoxville, Tenn., May 14 – PPG Industries, Inc. will price fixed-rate notes in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.

Both series of notes feature a make-whole call and then a par call.

J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, U.S. Bancorp Investments Inc., BBVA Securities Inc., Mizuho Securities USA Inc. and SMBC Nikko Securities America Inc. are the bookrunners.

Proceeds will be used to redeem all $500 million of the company’s 3.6% notes due 2020.

PPG is a diversified coatings and chemical manufacturing company based in Pittsburgh.

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