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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;

Stock News for Airgas (ARG)
02/10/201610:03:35Amended Statement of Ownership (sc 13g/a)
02/09/201613:39:36Statement of Ownership (sc 13g)
02/05/201617:01:31Proxy Statement (definitive) (def 14a)
02/05/201612:55:29Statement of Changes in Beneficial Ownership (4)
01/29/201612:15:40Amended Statement of Ownership (sc 13g/a)
01/29/201612:11:10Amended Statement of Ownership (sc 13g/a)
01/28/201607:39:08Current Report Filing (8-k)
01/28/201607:30:00Airgas Reports Fiscal 2016 Third Quarter Earnings
01/26/201616:47:32Current Report Filing (8-k)
01/26/201616:05:00Airgas Declares Regular Dividend for Third Quarter FY2016
01/26/201608:41:52Additional Proxy Soliciting Materials (definitive) (defa14a)
01/26/201608:30:00Update: Air Liquide’s Acquisition of Airgas on Track
01/22/201617:30:11Proxy Statement - Merger or Acquistion (definitive) (defm14a)
01/19/201607:30:00Airgas to Exhibit at the International Production and Processing...
01/12/201611:18:00Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit...
01/12/201608:47:55Niche Markets For Conversion of Liquid Gas to Eco-Friendly Hydrogen...
01/08/201616:59:23Proxy Soliciting Materials (revised) (prer14a)
01/07/201616:05:00Airgas Announces Third Quarter Earnings Release Schedule
01/05/201617:46:56Statement of Changes in Beneficial Ownership (4)
01/05/201617:46:56Statement of Changes in Beneficial Ownership (4)

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