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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
07/02/201516:17:42Statement of Changes in Beneficial Ownership (4)
07/02/201516:16:21Statement of Changes in Beneficial Ownership (4)
07/02/201516:15:28Statement of Changes in Beneficial Ownership (4)
07/02/201516:14:37Statement of Changes in Beneficial Ownership (4)
07/02/201516:11:36Statement of Changes in Beneficial Ownership (4)
07/01/201508:30:37Corning Introduces EDGE8(TM) Solutions for Data Centers
06/30/201507:30:00Corning Incorporated: Corning Agrees to Purchase Gerresheimer's...
06/26/201516:22:16Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:21:49Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:20:56Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:20:06Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:19:13Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:18:46Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:17:53Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:17:01Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:15:44Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:15:19Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:14:26Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:13:59Amended Statement of Changes in Beneficial Ownership (4/a)
06/26/201516:12:40Amended Statement of Changes in Beneficial Ownership (4/a)

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