IFLR1000

Praxair $750 million 2.25% and 3.2% notes issues

24/9/2015
Investment grade bond/note issue
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$ 750 million

Completed

24/9/2015

Overview:

  • Industrial gases company Praxair has made a $750 million debt offering. 
  • The offering consisted of $300 million 2.25% notes due 2020 and $450 million 3.2% notes due 2026.
  • The underwriters were led by Citigroup Global Markets, Deutsche Bank Securities, HSBC Securities and Misubishi UFJ Securities. 
  • The proceeds will be used for general corporate purposes. 

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Industrials and manufacturing

Firms:
Cahill Gordon & Reindel

Party: Praxair (Issuer)

Lawyer: Susanna Suh

Davis Polk & Wardwell

Party: Citigroup Global Markets (Underwriter)

Party: Deutsche Bank Securities (Underwriter)

Party: HSBC Securities (Underwriter)

Party: Mitsubishi UFJ Securities (Underwriter)

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