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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
03/27/201507:30:00Airgas to Build New Air Separation Unit (ASU) in Tuscaloosa...
03/20/201508:59:55Airgas cuts FQ4 earnings, revenue guidance
03/20/201508:36:31Current Report Filing (8-k)
03/20/201508:30:00Airgas Provides Update on Fiscal 2015 Fourth Quarter Organic...
03/19/201516:00:00Airgas Names Matthew B. Whitton President â Airgas Northern C...
03/11/201514:14:44Current Report Filing (8-k)
03/10/201510:52:28Amended Statement of Ownership (sc 13g/a)
03/05/201513:00:00Airgas Names Pamela J. Claypool as President â Airgas North D...
03/03/201507:25:37Initial Statement of Beneficial Ownership (3)
02/26/201518:18:02Statement of Changes in Beneficial Ownership (4)
02/25/201511:00:00Airgas to Exhibit Award-Winning Products and Introduce New Resource...
02/24/201511:00:00Airgas CFO to Present at Raymond James Institutional Investors...
02/20/201515:38:50Statement of Changes in Beneficial Ownership (4)
02/13/201509:57:21Amended Statement of Ownership (sc 13g/a)
02/12/201507:47:31Statement of Ownership (sc 13g)
02/10/201517:06:38Statement of Changes in Beneficial Ownership (4)
02/09/201515:31:21Amended Statement of Ownership (sc 13g/a)
02/09/201515:19:49Amended Statement of Ownership (sc 13g/a)
02/06/201517:25:31Statement of Ownership (sc 13g)
02/06/201511:29:35Quarterly Report (10-q)

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