Praxair Raises $500M In Debt Issue

Praxair has raised $500 million in a sale of 10-year senior unsecured bonds.

Praxair has raised $500 million in a sale of 10-year senior unsecured bonds. Credit Suisse and Royal Bank of Scotland, Mitsubishi UFJ Securities and Wells Fargo Securities led the transaction for the Danbury-headquartered issuer. The notes, carrying a coupon rate of 3.00 percent, are due Sept. 1, 2021. The company plans to use the proceeds to fund share repurchases and for other general corporate purposes.

Click here for the release from Business Wire.