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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
07/02/201513:51:42Statement of Changes in Beneficial Ownership (4)
07/02/201513:51:42Statement of Changes in Beneficial Ownership (4)
07/02/201513:51:42Statement of Changes in Beneficial Ownership (4)
07/02/201513:50:19Statement of Changes in Beneficial Ownership (4)
07/01/201510:47:16Proxy Statement (definitive) (def 14a)
06/30/201517:35:04Statement of Changes in Beneficial Ownership (4)
06/19/201510:33:21Annual Report of Employee Stock Plans (11-k)
06/18/201518:12:01Statement of Changes in Beneficial Ownership (4)
06/17/201511:00:00Airgas Announces First Quarter Earnings Release Schedule
06/17/201509:33:58Amended Statement of Ownership (sc 13g/a)
06/12/201508:50:38Statement of Changes in Beneficial Ownership (4)
06/05/201511:00:00Airgas Names National Branch of the Year Winners for 2015
06/04/201517:14:15Statement of Changes in Beneficial Ownership (4)
06/04/201517:12:30Statement of Changes in Beneficial Ownership (4)
06/03/201511:00:00Airgas CEO to Present at William Blair Growth Stock Conference
05/29/201515:50:54Specialized Disclosure Report (sd)
05/28/201513:53:13Current Report Filing (8-k)
05/28/201508:30:00Airgas Announces $500 Million Stock Repurchase Program
05/27/201517:24:43Annual Report (10-k)
05/27/201515:13:01Statement of Changes in Beneficial Ownership (4)

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