Airgas Announces Redemption of 6.25% Senior Subordinated Notes Due 2014
RADNOR, PA - September 11, 2009 -- Airgas, Inc. (NYSE: ARG) today announced it has elected to redeem all of its $150 million 6.25% Senior Subordinated Notes that are due July 15, 2014. The notes will be redeemed in full on October 13, 2009, at a price of 103.125%.
A loss on the early extinguishment of debt of approximately $6 million (about $4 million after tax, or $0.05 per diluted share) will be recognized related to the redemption premium and the write-off of unamortized debt issuance costs. The loss will be reflected in the fiscal third quarter ending December 31, 2009.
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is the largest U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also one of the largest U.S. distributors of safety products, the largest U.S. producer of nitrous oxide and dry ice, the largest liquid carbon dioxide producer in the Southeast, and a leading distributor of process chemicals, refrigerants, and ammonia products. More than 14,000 employees work in over 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit www.airgas.com.
Media Contact:
Jay Worley
(610) 902-6206
jay.worley@airgas.com
Investor Contact:
Barry Strzelec
(610) 902-6256
barry.strzelec@airgas.com
Airgas, Inc.
259 North Radnor-Chester Road Suite 100,
Radnor, PA 19087-5283
