DANBURY, Conn.--(BUSINESS WIRE)--Praxair, Inc. (NYSE: PX) has priced $400 million of 0.75% notes due February 21, 2016 and $500 million of 2.70% notes due February 21, 2023. The notes are being offered under its universal shelf registration statement filed with the U.S. Securities and Exchange Commission. The offering is led by HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mitsubishi UFJ Securities (USA), Inc.
The offering is expected to close on February 21, 2013. The company anticipates using the proceeds of the offering for general corporate purposes, including acquisitions and share repurchases under the company’s share repurchase program. Prior to their application, the net proceeds may be used to repay short-term debt and/or invested in short-term investments.
Nothing herein shall constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The offering is being made by means of a prospectus and related prospectus supplement only, copies of which or information concerning this offering may be obtained by contacting HSBC Securities (USA) Inc., 452 Fifth Avenue, Tower 3, New York, NY 10018, Telephone: (866) 811-8049, Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, New York, NY 10036, Telephone: (800) 294-1322 and Mitsubishi UFJ Securities (USA), Inc., 1633 Broadway, 29th Floor, New York, NY 10019, Telephone: (877) 649-6848.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2012 sales of $11 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.