Chicago, Sept. 6 – Air Liquide Finance priced $500 million of 2.25% 10-year notes (A3/A-) to yield 2.362% on Friday, according to a company news release.
The notes are guaranteed by L’Air Liquide SA.
Proceeds will be used to refinance a dollar-denominated bond maturing in September.
This transaction brings the company’s debt to €13.2 billion, with an average maturity of six years.
Air Liquide is a Paris-based multinational company that supplies industrial gasses and services to industries, including medical, chemical and electronic manufacturers.
| Issuer: | Air Liquide Finance
|
| Guarantor: | L’Air Liquide SA
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | Sept. 10, 2029
|
| Coupon: | 2.25%
|
| Yield: | 2.362%
|
| Trade date: | Sept. 6
|
| Settlement date: | Sept. 10
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
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