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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; patrick.mcgee@dowjones.com

Stock News for Corning (GLW)
DateTimeHeadline
04/17/201517:20:02How Corning Incorporated is Bringing OLED Lighting Into the Mainstream
04/15/201520:03:54Corning Upgraded at Vetr Inc. (GLW)
04/14/201500:31:53Corning goes after OLED lighting market with Willow Glass
04/13/201509:25:05Uni-Pixel's Commercialization Runs Into A Brick Wall
04/13/201508:30:32Corning Announces Collaboration with OLEDWorks
04/13/201503:54:20Corning: A Pre-Earnings Buy As Share Buybacks Are Set To Resume
04/06/201508:30:20Corning Named 2015 ENERGY STAR® Partner of the Year
04/02/201516:38:53Statement of Changes in Beneficial Ownership (4)
04/02/201516:38:01Statement of Changes in Beneficial Ownership (4)
04/02/201516:35:51Statement of Changes in Beneficial Ownership (4)
04/02/201516:35:24Statement of Changes in Beneficial Ownership (4)
04/02/201516:34:36Statement of Changes in Beneficial Ownership (4)
04/02/201516:34:08Statement of Changes in Beneficial Ownership (4)
04/02/201516:32:49Statement of Changes in Beneficial Ownership (4)
04/02/201516:31:30Statement of Changes in Beneficial Ownership (4)
04/02/201516:30:12Statement of Changes in Beneficial Ownership (4)
04/02/201516:29:21Statement of Changes in Beneficial Ownership (4)
04/02/201516:28:31Statement of Changes in Beneficial Ownership (4)
04/02/201516:27:13Statement of Changes in Beneficial Ownership (4)
04/02/201516:26:19Statement of Changes in Beneficial Ownership (4)

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