Current Report Filing (8-k)
March 31 2021 - 4:12PM
Edgar (US Regulatory)
AIR PRODUCTS & CHEMICALS INC /DE/ false 0000002969 0000002969 2021-03-31 2021-03-31 0000002969 us-gaap:CommonClassAMember 2021-03-31 2021-03-31 0000002969 apd:EuroNotesDue2021PointThreeSevenFivePercentMember 2021-03-31 2021-03-31 0000002969 apd:EuroNotesDue2025OnePercentMember 2021-03-31 2021-03-31 0000002969 apd:A0500NotesDue2028Member 2021-03-31 2021-03-31 0000002969 apd:A0800NotesDue2032Member 2021-03-31 2021-03-31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 31, 2021
AIR PRODUCTS AND CHEMICALS, INC.
(Exact Name of Registrant as Specified in Charter)
|
|
|
|
|
Delaware
|
|
001-04534
|
|
23-1274455
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
7201 Hamilton Boulevard
Allentown, Pennsylvania 18195-1501
(Address of principal executive offices and Zip Code)
(610) 481-4911
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
|
Title of each class
|
|
Trading
Symbol(s)
|
|
Name of each exchange
on which registered
|
Common Stock, par value $1.00 per share
|
|
APD
|
|
New York Stock Exchange
|
0.375% Notes due 2021
|
|
APD21B
|
|
New York Stock Exchange
|
1.000% Notes due 2025
|
|
APD25
|
|
New York Stock Exchange
|
0.500% Notes due 2028
|
|
APD28
|
|
New York Stock Exchange
|
0.800% Notes due 2032
|
|
APD32
|
|
New York Stock Exchange
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 under the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01.
|
Entry Into a Material Definitive Agreement.
|
Item 2.03.
|
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
|
On March 31, 2021, Air Products and Chemicals, Inc. (the “Company”) entered into a five-year dollar equivalent $2.5 billion revolving credit agreement with a syndicate of banks (the “2021 Credit Agreement”), under which senior unsecured debt is available to both the Company and certain of its subsidiaries. The 2021 Credit Agreement will provide a source of liquidity for the Company and support its commercial paper program. The 2021 Credit Agreement replaces the Company’s existing $2.3 billion revolving credit agreement dated March 31, 2017, as subsequently amended (the “Prior Agreement”), which was terminated upon execution of the 2021 Credit Agreement. No borrowings were outstanding under the Prior Agreement at the time of its termination and no early termination penalties were incurred.
The Company unconditionally guarantees the payment of all loans made under the 2021 Credit Agreement to its subsidiary borrowers, if any. Amounts outstanding under the 2021 Credit Agreement may be accelerated for typical defaults, including the non-payment of amounts due under the 2021 Credit Agreement, the non-payment of material judgments or debt obligations and certain bankruptcy events. The only financial covenant in the 2021 Credit Agreement is a maximum ratio of total debt to capitalization.
The foregoing description of the 2021 Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the 2021 Credit Agreement, a copy of which will be filed as an exhibit to our Quarterly Report on Form 10-Q for the period ended March 31, 2021.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
Air Products and Chemicals, Inc.
|
|
|
|
|
(Registrant)
|
|
|
|
|
Dated: March 31, 2021
|
|
|
|
By:
|
|
/s/ M. Scott Crocco
|
|
|
|
|
|
|
M. Scott Crocco
|
|
|
|
|
|
|
Executive Vice President and
Chief Financial Officer
|
Air Products and Chemicals (NYSE:APD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Air Products and Chemicals (NYSE:APD)
Historical Stock Chart
From Sep 2023 to Sep 2024