Airgas Issues $300 Million of 2.85% Senior Notes Due 2013
RADNOR, PA - March 10, 2010 -- Airgas, Inc. (NYSE: ARG) announced today it has priced $300 million of 2.85% senior notes due October 1, 2013. The notes are being offered under a shelf registration statement filed with the U.S. Securities and Exchange Commission.
The offering is expected to close on March 15, 2010, and proceeds of the offering will be used to reduce the outstanding balances of the Company's revolving credit facilities. The Company's long-term debt is rated BBB by Standard and Poor's Corporation and Baa3 by Moody's Investors Service.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities. Banc of America Securities LLC, Barclays Capital Inc., Goldman, Sachs & Co., and Wells Fargo Securities, LLC, served as Joint Book-Running Managers on this transaction.
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.
