IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

PPG Issues $1 Billion in Debt in Three Parts

9:21 AM MST | November 9, 2010 | Vincent Valk

PPG is issuing a total of $1 billion in new debt in three different parts, one $500 million and two $250 million each. The $500 million portion carries an interest rate of 3.6% and will mature in 2020. The two $250 million parts have interest rates and maturation dates of 1.9% and 2016, and 5.5% and 2040, respectively. The proceeds from the debt sale will go towards repaying a $400 million term loan, and to fund asbestos claims and employee pension obligations, the company says. Moody's Investors Service (New York) rated the debt 'Baa1,' while Standard and Poor's...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa