PPG Industries offers five-year fixed-rate notes; initial talk Treasuries plus 85-90 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., March 1 – PPG Industries, Inc. will conduct a sale of fixed-rate notes due March 15, 2026, according to a 424B5 filed with the Securities and Exchange Commission.

Initial price talk is in the Treasuries plus 85 to 90 basis points area.

The notes feature a make-whole call and then a par call.

BNP Paribas Securities Corp. and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

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

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