Corning Incorporated GLW announced today that it has priced $250
million aggregate principal amount of senior unsecured notes at a coupon of
1.45%. The notes will mature on November 15, 2017. Subject to customary
closing conditions, the transaction is expected to close on October 31, 2012.
A portion of the net proceeds of the offering will be used to fund the
purchase of the debt securities subject to the tender offer and the
redemptions announced by the company today, and any excess net proceeds will
be used for general corporate purposes.
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