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Corning Issuing $500 Million 30-Year Bonds In US Markets - Source

By Patrick McGee Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Corning Inc. (GLW), a leader in specialty glass and ceramics, plans to issue $500 million of 30-year senior unsecured bonds in the U.S. credit markets Wednesday, according to a person familiar with the matter. The bonds are anticipated to be rated A3 by Moody's Investors Service, BBB-plus by Standard & Poor's and A-minus by Fitch Ratings. They are registered with the Securities and Exchange Commission. The Corning, N.Y., company intends to use the funds for general corporate purposes. The bonds feature a change of control provision allowing investors to redeem the notes at 101 cents on the dollar should the company be acquired. J.P. Morgan and Wells Fargo Securities are lead underwriters. -By Patrick McGee, Dow Jones Newswires; 212-416-2382;

Stock News for Corning (GLW)
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07/21/201516:28:39Current Report Filing (8-k)
07/21/201516:25:44Corning Announces Series of Management Promotions
07/21/201516:25:41James Flaws to Retire as Corning Vice Chairman and Chief Financial...
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07/17/201516:11:42Statement of Changes in Beneficial Ownership (4)
07/17/201516:11:16Statement of Changes in Beneficial Ownership (4)
07/17/201516:10:23Statement of Changes in Beneficial Ownership (4)
07/17/201516:09:32Statement of Changes in Beneficial Ownership (4)
07/15/201519:00:50Corning Authorizes $2 Billion Share Buyback Program -- Update
07/15/201518:20:42Corning Approves $2 Billion Share Buyback Program

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