Air Products issues $2.5B in notes to fund green hydrogen and renewable projects

Air Products & Chemicals, Inc.

Issued $750M 4.600% notes due 2029, $600M 4.750% notes due 2031, and $1.15B 4.850% notes due 2034.
Net proceeds of ~$2.48B to finance Eligible Projects including green/blue hydrogen, ammonia, and SAF.
Underwriters led by Barclays, BofA Securities, Deutsche Bank, Standard Chartered, and Mizuho.
Closing expected February 8, 2024; notes redeemable at the company's option on stated terms.

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