DANBURY, Conn. -- (Business Wire)
Praxair, Inc. (NYSE: PX) has priced $400 million of 0.75% notes due
February 21, 2016 and $500 million of 2.70% notes due February 21, 2023.
The notes are being offered under its universal shelf registration
statement filed with the U.S. Securities and Exchange Commission. The
offering is led by HSBC Securities (USA) Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated and Mitsubishi UFJ Securities (USA), Inc.
The offering is expected to close on February 21, 2013. The company
anticipates using the proceeds of the offering for general corporate
purposes, including acquisitions and share repurchases under the
company’s share repurchase program. Prior to their application, the net
proceeds may be used to repay short-term debt and/or invested in
Nothing herein shall constitute an offer to sell or the solicitation of
an offer to buy the securities, nor shall there be any sale of the
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful. The offering is being made by
means of a prospectus and related prospectus supplement only, copies of
which or information concerning this offering may be obtained by
contacting HSBC Securities (USA) Inc., 452 Fifth Avenue, Tower 3, New
York, NY 10018, Telephone: (866) 811-8049, Merrill Lynch, Pierce, Fenner
& Smith Incorporated, One Bryant Park, New York, NY 10036, Telephone:
(800) 294-1322 and Mitsubishi UFJ Securities (USA), Inc., 1633 Broadway,
29th Floor, New York, NY 10019, Telephone: (877) 649-6848.
Praxair is the largest industrial gases company in North and South
America, and one of the largest worldwide, with 2012 sales of $11
billion. The company produces, sells and distributes atmospheric and
process gases, and high-performance surface coatings. Praxair products,
services and technologies are making our planet more productive by
bringing efficiency and environmental benefits to a wide variety of
industries, including aerospace, chemicals, food and beverage,
electronics, energy, healthcare, manufacturing, metals and others. More
information on Praxair is available on the Internet at www.praxair.com.
Sue Neumann, 203-837-2609
Source: Praxair, Inc.
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