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Airgas Inc Selling $250 Million In Five-Year Notes

By Katy Burne Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Airgas Inc. (ARG), a distributor of industrial, medical and specialty gases as well as safety products, came to market Tuesday to sell $250 million in five-year notes. The Radnor, Pa.-based company said it plans to use proceeds of the sale to fund acquisitions and repay existing debt. Earlier this month, Airgas announced intentions to buy back $300 million of common stock, with the timing of the move dependent on market conditions and its share price. It is funding the buybacks with its credit facilities. Also in May, the company closed on its purchase of Pain Enterprises Inc., a maker and distributor of dry ice and liquid carbon dioxide. Tuesday's bond sale is being led by Bank of America Merrill Lynch, Goldman Sachs & Co. and Wells Fargo Securities as joint bookrunning managers. -By Katy Burne, Dow Jones Newswires; 212-416-3084; katy.burne@dowjones.com

Stock News for Airgas (ARG)
DateTimeHeadline
05/21/201516:08:23Statement of Changes in Beneficial Ownership (4)
05/21/201516:06:10Statement of Changes in Beneficial Ownership (4)
05/21/201516:04:28Statement of Changes in Beneficial Ownership (4)
05/21/201516:01:52Statement of Changes in Beneficial Ownership (4)
05/21/201515:59:39Statement of Changes in Beneficial Ownership (4)
05/21/201515:57:55Statement of Changes in Beneficial Ownership (4)
05/21/201515:55:45Statement of Changes in Beneficial Ownership (4)
05/21/201515:53:57Statement of Changes in Beneficial Ownership (4)
05/21/201515:51:40Statement of Changes in Beneficial Ownership (4)
05/21/201515:49:09Statement of Changes in Beneficial Ownership (4)
05/21/201515:47:07Statement of Changes in Beneficial Ownership (4)
05/21/201515:44:14Statement of Changes in Beneficial Ownership (4)
05/21/201515:42:36Statement of Changes in Beneficial Ownership (4)
05/21/201515:40:00Statement of Changes in Beneficial Ownership (4)
05/21/201515:38:30Statement of Changes in Beneficial Ownership (4)
05/21/201515:33:55Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201507:30:00Airgas to Exhibit and Discuss Industry Leading Safety Practices...
05/18/201516:40:29Statement of Changes in Beneficial Ownership (4)
05/14/201517:22:04Annual Statement of Changes in Beneficial Ownership (5)

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