By Andrea Heisinger
Omaha, Feb. 1 - Air Products & Chemicals, Inc. priced $300 million 4.15% five-year senior notes Friday to yield Treasuries plus 150 basis points, an informed source said.
The notes (A2/A) have a price of 99.822 to yield 4.19%. They have a make-whole call at Treasuries plus 25 bps.
Bookrunners were Barclays Capital Inc. and Goldman Sachs & Co.
Proceeds will be used for general corporate purposes, including repayment and refinancing of debt, for acquisitions, for working capital, for capital expenditures and for the repurchase and redemption of securities.
The gas and materials company is based in Allentown, Pa.
| Issuer: | Air Products & Chemicals, Inc.
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | Feb. 1, 2013
|
| Bookrunners: | Barclays Capital Inc., Goldman Sachs & Co.
|
| Coupon: | 4.15%
|
| Price: | 99.822
|
| Yield: | 4.19%
|
| Spread: | Treasuries plus 150 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Feb. 1
|
| Settlement date: | Feb. 6
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
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