Summary
Air Products & Chemicals, Inc. (APD) announced on May 24, 2016, its entry into an underwriting agreement to issue and sell €350,000,000 in aggregate principal amount of 0.375% notes due June 1, 2021. This debt offering is expected to close on June 1, 2016. The issuance is being conducted under the company's existing Shelf Registration Statement on Form S-3, filed in November 2014, and a related Prospectus Supplement dated May 24, 2016. The filing of this 8-K serves to formally incorporate the Underwriting Agreement as an exhibit to this registration statement, providing transparency to investors regarding the terms of this new debt issuance.
Key Highlights
- 1APD entered into an underwriting agreement on May 24, 2016.
- 2The company plans to issue €350,000,000 in aggregate principal amount of notes.
- 3The notes will carry a coupon of 0.375% and mature on June 1, 2021.
- 4The expected closing date for the issuance is June 1, 2016.
- 5The debt offering is registered under a Form S-3 registration statement filed in November 2014.
- 6A Prospectus Supplement dated May 24, 2016, has been filed to detail this offering.
- 7The filing includes the Underwriting Agreement as an exhibit.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report the entry into an underwriting agreement for a new debt issuance and to file the agreement as an exhibit to the company's existing shelf registration statement on Form S-3.
Air Products is issuing €350,000,000 in aggregate principal amount of notes with a fixed interest rate of 0.375% per annum. These notes will mature on June 1, 2021.
The company expects to issue and sell the notes on June 1, 2016.
This debt issuance is being conducted under Air Products' Registration Statement on Form S-3 (No. 333-200537), filed on November 24, 2014, and a related Prospectus Supplement dated May 24, 2016.