Airgas Issues $300M 3.65% Senior Notes Due 2024

The company intends to use the net proceeds from the offering for general corporate purposes, including funding acquisitions and repayment of indebtedness.

Radnor, PA - Airgas, Inc. has priced $300 million of 3.65% senior notes due July 15, 2024. The offering is expected to close on June 17, 2014, subject to customary closing conditions. The company's long-term debt is rated Baa2 by Moody's Investors Service and BBB by Standard and Poor's Corporation.

The company intends to use the net proceeds from the offering for general corporate purposes, including funding acquisitions and repayment of indebtedness. Initially, the Company expects to use the net proceeds to repay indebtedness under its commercial paper program.

Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, served as Joint Book-Running Managers on this transaction.

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