Air Products to repay dollar, euro 2020, 2021 notes via new notes

By Marisa Wong

Los Angeles, April 27 – Air Products and Chemicals Inc. said it intends to repay some of its outstanding notes using proceeds from a five-tranche offering of new dollar- and euro-denominated fixed-rate notes.

Air Products plans to repay €300 million of its 2% notes due Aug. 7, 2020 and €350 million of its 0.375% notes due June 1, 2021 using a portion of the proceeds from the euro-denominated notes.

The company said it may use a portion of the proceeds from the dollar-denominated notes offering to repay up to $400 million of its 3% notes due Nov. 3, 2021.

Air Products is an industrial gas and chemical maker based in Allentown, Pa.

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