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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
04/21/201516:31:12TheStreet Downgrades Airgas to Hold (ARG)
04/13/201517:26:06Statement of Changes in Beneficial Ownership (4)
04/13/201500:20:03Dividend Increases, March 23-April 10, 2015
04/10/201512:00:00Airgas Updates Fourth Quarter Earnings Teleconference Time
04/09/201514:30:00Airgas Announces Fourth Quarter Earnings Release Schedule
04/07/201516:05:00Airgas Increases First Quarter Dividend by 9%
04/02/201517:58:15Statement of Changes in Beneficial Ownership (4)
04/02/201517:57:49Statement of Changes in Beneficial Ownership (4)
04/02/201517:57:25Statement of Changes in Beneficial Ownership (4)
04/02/201517:56:58Statement of Changes in Beneficial Ownership (4)
04/01/201504:45:17Airgas: Shares Likely To Bounce Back, But Still Pretty Pricey
03/30/201514:20:53Annual Report of Employee Stock Plans (11-k)
03/30/201514:17:39Annual Report of Employee Stock Plans (11-k)
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)

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