Air Products and Chemicals Inc.
Air Products Announces Issuance of $2.5 Billion in Notes
Summary
On February 6, 2024, Air Products and Chemicals, Inc. announced the issuance of $2.5 billion aggregate principal amount of its notes due 2029, 2031, and 2034, under an Indenture dated April 30, 2020. The notes are expected to close on February 8, 2024. The company expects to use the net proceeds for financing or refinancing eligible projects, including green and blue hydrogen and ammonia projects, renewable energy generation, sustainable aviation fuel, and other eligible projects. Pending allocation, the company may hold the net proceeds in its Treasury liquidity portfolio or use them to repay existing debt.
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About Air Products and Chemicals Inc.
Air Products and Chemicals Inc. is a prominent player in the industrial gases sector, providing essential products that serve a myriad of industries worldwide. This global entity specializes in offering atmospheric gases, process, and specialty gases, equipment, and related services to a diverse range of clients, including those in energy, transportation, and technology sectors. Notably, Air Products is a leader in supplying hydrogen and helium solutions, which are critical for refining, aerospace, and electronics manufacturing. The company's liquid hydrogen production plays a significant role in advancing clean energy solutions, such as hydrogen fuel cells for vehicles. Founded in 1940 and headquartered in Allentown, Pennsylvania, Air Products maintains a significant presence in over 50 countries. Its commitment to sustainability and innovation makes it a vital contributor to the global shift towards greener industrial processes and cleaner energy solutions. By maintaining a robust infrastructure of production and distribution, Air Products ensures the secure and efficient delivery of vital industrial gases, underscoring its critical role in numerous sectors that depend on reliable and sustainable supply chains.
Official SEC Documents
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