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Praxair Issues $500 Million in 10-Year Debt

3:03 PM MDT | August 31, 2011 | Vincent Valk

Praxair is issuing $500 million in new debt due in 2021, the company says. The debt will carry an interest rate of 3%, and the proceeds will be used to pay down short-term debt, fund share buybacks and for general corporate purposes. Praxair's long-term debt is rated 'A2' by Moody's and 'A' by Standard & Poor's. The debt issuance will close on September...

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