Praxair Issues Debt Worth $400 Million

Praxair announced today that the company is issuing $400 million in long-term debt due September 15, 2015 at an interest rate of 3.25%. The issuance will close on September 1, and its proceeds will be used mostly to repay short-term debt. Citigroup Global Markets and RBS Securities are the issuance's lead bookrunning managers. Praxair's long-term debt is rated A2 by Moody's and A by Standard and...

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