Airgas buys back $83.1 million 7.125% notes in fiscal fourth quarter

By Angela McDaniels

Tacoma, Wash., May 27 - Airgas, Inc. repurchased $83.1 million of its 7.125% notes due 2018 during the fourth quarter of fiscal 2010, which ended March 31.

During fiscal 2010, the company repurchased $154.6 million of the notes at an average price of 106.4, according to its 10-K for the year filed with the Securities and Exchange Commission on Thursday.

For the $71.5 million of notes repurchased during the nine months ended Dec. 31, the average price was 102.5.

As of March 31, $245 million principal amount of the notes remains outstanding.

Airgas is a Radnor, Pa.-based distributor of industrial, medical and specialty gases as well as hardgoods such as welding equipment and supplies.

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