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

By Devika Patel

Knoxville, Tenn., Aug. 6 – PPG Industries, Inc. will price dollar-denominated 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, BNP Paribas Securities Corp. and PNC Capital Markets 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.

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