debt
confidence high
sentiment neutral
materiality 0.60
Air Products issues €1B in new notes to refinance commercial paper and upcoming maturity
Air Products & Chemicals, Inc.
- €500M 2.95% notes due 2031 and €500M 3.45% notes due 2037 issued.
- Net proceeds ~€992M; used to repay commercial paper including €300M 1% notes due 2025.
- Closing expected Feb 14, 2025; NYSE listing applied for.
- Underwriters include BNP Paribas, Citi, Mizuho, Santander, SMBC.