Radnor energy company plans first bond sale since ’04
Airgas Inc. said it will sell $350 million of debt securities, the Radnor company's first bond offering in four years.
Airgas Inc. said it will sell $350 million of debt securities, the Radnor company's first bond offering in four years.
The securities will be sold to institutional buyers and will mature in 2018. Proceeds will be used to reduce the company's existing debt.
Bank of America Corp., Goldman Sachs Group Inc., and JPMorgan Chase & Co. are managing the sale.
Airgas last sold bonds in March 2004, according to Bloomberg News.
The company is a distributor of industrial, medical and specialty gases and other industrial products. Its shares were up 83 cents to $61.04 in noon trading on the New York Stock Exchange.
Josh Funk and Rio Yamat, Associated Press
Stan Choe, Associated Press
Ryan Mac, New York Times
Ana Swanson, New York Times
Julie Z. Weil, Washington Post
Caitlin Reilly, Bloomberg
Colby Smith and Ben Casselman, New York Times
Andrea Sachs, Washington Post
Rod Mcguirk And Charlotte Graham-McLay, Associated Press
Lexie Linderman
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