debt
confidence high
sentiment neutral
materiality 0.50
PPG INDUSTRIES INC (PPG): debt financing — PPG issues $700M 4.375% Notes due 2031; proceeds for general corporate purposes
PPG INDUSTRIES INC
- Completed $700M aggregate principal of 4.375% Notes due 2031 on Nov 3, 2025.
- Issue price 98.970% of par; public offering price 99.570%.
- Net proceeds for general corporate purposes, including debt repayment and M&A.
- Change of control trigger requires repurchase at 101% of principal plus accrued interest.
- Underwriters: J.P. Morgan, Citigroup, PNC Capital Markets.