PPG tapping market for $300 million five-year notes Thursday

By Aleesia Forni

Virginia Beach, Nov. 6 – PPG Industries Inc. intends to price $300 million of five-year senior notes on Thursday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to fund a tender offer and for general corporate purposes.

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

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