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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
05/02/201616:28:03Statement of Changes in Beneficial Ownership (4)
05/02/201616:28:03Statement of Changes in Beneficial Ownership (4)
05/02/201616:26:05Statement of Changes in Beneficial Ownership (4)
05/02/201616:24:44Statement of Changes in Beneficial Ownership (4)
05/02/201616:24:01Statement of Changes in Beneficial Ownership (4)
05/02/201616:23:37Statement of Changes in Beneficial Ownership (4)
05/02/201616:23:12Statement of Changes in Beneficial Ownership (4)
05/02/201616:21:30Statement of Changes in Beneficial Ownership (4)
05/02/201616:14:00Statement of Changes in Beneficial Ownership (4)
05/02/201616:14:00Statement of Changes in Beneficial Ownership (4)
05/02/201616:12:17Statement of Changes in Beneficial Ownership (4)
05/02/201616:11:24Statement of Changes in Beneficial Ownership (4)
05/02/201616:10:33Statement of Changes in Beneficial Ownership (4)
05/02/201616:09:41Statement of Changes in Beneficial Ownership (4)
04/29/201617:38:46Current Report Filing (8-k)
04/29/201610:53:32Quarterly Report (10-q)
04/29/201610:11:00Dow Corning Reports First Quarter 2016 Financial Performance
04/28/201612:00:23Corning CEO Addresses Shareholders at Annual Meeting
04/28/201609:55:16Corning Declares Quarterly Dividend
04/27/201609:29:00Pittsburgh Corning Exits Bankruptcy After 16 Years

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