Summary
Air Products & Chemicals, Inc. (APD) announced on February 4, 2015, via an 8-K filing, the execution of an underwriting agreement to issue and sell €300,000,000 in aggregate principal amount of 1.000% notes due February 12, 2025. This offering is being conducted under the company's existing registration statement filed with the SEC on November 24, 2014. The issuance of these notes, expected to close on February 12, 2015, represents a strategic move to raise capital. Investors should note the specific interest rate and maturity date, as well as the fact that the offering is being made under a previously filed shelf registration, indicating that the company had pre-established its intent to issue debt. The filing is primarily to provide notice of this debt issuance and associated underwriting agreement.
Key Highlights
- 1APD entered into an underwriting agreement on February 3, 2015, to sell €300,000,000 in principal amount of notes.
- 2The notes will bear a 1.000% interest rate.
- 3The maturity date for these notes is February 12, 2025.
- 4The expected issuance and sale date for the notes is February 12, 2015.
- 5The offering is being conducted under the company's existing Form S-3 registration statement (No. 333-200537).
- 6A prospectus supplement related to this offering was filed on February 4, 2015.
- 7The filing includes the Underwriting Agreement as an exhibit.