PPG Announces $1BDebt Offering

PPG Industries PPG today announced that yesterday it priced $1 billion in aggregate principal amount of senior notes. The sale of the notes is expected to close on or about Nov. 12, subject to customary closing conditions. Of the amount offered, $250 million of 1.900-percent senior notes will be due Jan. 15, 2016, $500 million of 3.600-percent senior notes will be due Nov. 15, 2020, and $250 million of 5.500-percent senior notes will be due Nov. 15, 2040. The senior notes are unsecured and will rank equally in right of payment with PPG's existing and future unsecured senior indebtedness.