Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for PPG Industries Inc. > News item |
PPG Industries to price offering of fixed-rate notes in two parts
By Devika Patel
Knoxville, Tenn., Feb. 22 – PPG Industries, Inc. intends to sell dollar-denominated fixed-rate notes (//A-) 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.
BNP Paribas Securities Corp. and J.P. Morgan Securities LLC are the bookrunners.
Proceeds will be used for general corporate purposes, including working capital, capital expenditures, investments in or loans to subsidiaries or joint ventures, debt repayment, redemption or refinancing, redemption or repurchase of securities, possible acquisitions and satisfaction of other obligations.
PPG is a diversified coatings and chemical manufacturing company based in Pittsburgh.
© 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.