PPG Industries plans to issue five-, 10-year notes Thursday

By Andrea Heisinger

Omaha, March 12 - PPG Industries, Inc. plans to offer notes in five- and 10-year tranches with pricing expected on Thursday, an informed source said.

Bookrunners are Credit Suisse Securities LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.

Proceeds will be used to repay outstanding debt under a €1 billion bridge loan.

The specialty coatings company is based in Pittsburgh.

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