RADNOR, Pa.--(BUSINESS WIRE)--
Airgas, Inc. (NYSE: ARG) announced today it has priced $300 million of
3.65% senior notes due July 15, 2024. The offering is expected to close
on June 17, 2014, subject to customary closing conditions. The Company’s
long-term debt is rated Baa2 by Moody’s Investors Service and BBB by
Standard and Poor’s Corporation.
The Company intends to use the net proceeds from the offering for
general corporate purposes, including funding acquisitions and repayment
of indebtedness. Initially, the Company expects to use the net proceeds
to repay indebtedness under its commercial paper program.
Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated
and Wells Fargo Securities, LLC, served as Joint Book-Running Managers
on this transaction.
The notes are being offered under a shelf registration statement filed
with the U.S. Securities and Exchange Commission. The offering will be
made only by means of a preliminary prospectus supplement and
accompanying base prospectus, copies of which may be obtained by
contacting: Goldman, Sachs & Co. by phone at 866-471-2526 or by email at email@example.com;
Merrill Lynch, Pierce, Fenner & Smith Incorporated by mail at 222
Broadway, 11th Floor, New York, New York 10038, Attention:
Prospectus Department, by phone at 800-294-1322 or by email at firstname.lastname@example.org;
and Wells Fargo Securities, LLC, by mail at 1525 West W.T. Harris Blvd.,
NC0675, Charlotte, North Carolina 28262, Attention: Capital Markets
Client Support, by phone at 800-326-5897 (toll-free) or by email at email@example.com.
A copy of the preliminary prospectus supplement and accompanying base
prospectus may also be obtained at no charge at the Securities and
Exchange Commission's website, at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one of the
nation’s leading suppliers of industrial, medical and specialty gases,
and hardgoods, such as welding equipment and related products. Airgas is
a leading U.S. producer of atmospheric gases with 16 air separation
plants, a leading producer of carbon dioxide, dry ice, and nitrous
oxide, one of the largest U.S. suppliers of safety products, and a
leading U.S. supplier of refrigerants, ammonia products, and process
chemicals. More than 16,000 associates work in approximately 1,100
locations, including branches, retail stores, gas fill plants, specialty
gas labs, production facilities and distribution centers. Airgas also
markets its products and services through e-Business, catalog and
telesales channels. Its national scale and strong local presence offer a
competitive edge to its diversified customer base.
This press release contains statements that are forward looking, as that
term is defined by the Private Securities Litigation Reform Act of 1995
or by the SEC in its rules, regulations and releases. These statements
include, but are not limited to: expectations that the offering will
close on June 17, 2014; expectations that the net proceeds of the
offering will be used for general corporate purposes, including
acquisitions and the repayment of indebtedness; and expectations that
the net proceeds of the offering will initially be used to repay
indebtedness under the Company’s commercial paper program.
Forward-looking statements also include any statement that is not based
on historical fact, including statements containing the words
"believes," "may," "plans," "will," "could," "should," "estimates,"
"continues," "anticipates," "intends," "expects," and similar
expressions. We intend that such forward-looking statements be subject
to the safe harbors created thereby. All forward-looking statements are
based on current expectations regarding important risk factors and
should not be regarded as a representation by us or any other person
that the results expressed therein will be achieved. Airgas assumes no
obligation to revise or update any forward-looking statements for any
reason, except as required by law. Important factors that could cause
actual results to differ materially from those contained in any
forward-looking statement include: Airgas' ability to sell the notes; an
economic downturn; supply cost pressures; increased industry
competition; our ability to successfully consummate and integrate
acquisitions; adverse changes in customer buying patterns; significant
fluctuations in interest rates; increases in energy costs and other
operating expenses; the effect of catastrophic events; political and
economic uncertainties associated with current world events; and other
factors described in the Company's reports, including its Form 10-K
dated March 31, 2014 and other Forms filed by the Company with the
Securities and Exchange Commission.
Investor & Media Contact:
Joseph Marczely, 610-263-8277
Sarah Stockton-Brown, 610-263-8260
Source: Airgas, Inc.