Airgas Announces Payment of the Consent Fee in Relation to Its Consent Solicitation & Air Liquide Announces That It Guarantee...
May 23 2016 - 11:35AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI):
Following the closing of the acquisition of Airgas, Inc., one of
the leading suppliers of industrial gases and associated products
and services in the U.S. (“Airgas”) by Air Liquide, world
leader in gases, technologies and services for Industry and Health
(“Air Liquide”), on May 23, 2016, Airgas announced today to
the holders of its outstanding $325,000,000 1.650% notes due 2018
(the “2018 Notes”), $275,000,000 2.375% notes due 2020 (the
“2020 A Notes”), $400,000,000 3.050% notes due 2020 (the
“2020 B Notes”), $250,000,000 2.900% notes due 2022 (the
“2022 Notes”) and $300,000,000 3.650% notes due 2024 (the
“2024 Notes” and, together with the 2018 Notes, the 2020 A
Notes, the 2020 B Notes and the 2022 Notes, the “Affected
Notes”) issued under the indenture, dated as of May 27, 2010,
between Airgas and U.S. Bank National Association, as trustee, as
amended and supplemented from time to time (the “Indenture”)
that following the expiration of the consent solicitation on May 9,
2016 and the satisfaction of all conditions described in the
consent solicitation statement dated April 26, 2016, as
supplemented by a supplement dated May 2, 2016 (together, the
“Consent Solicitation Statement”), it will promptly pay to
each holder of Affected Notes who delivered (and did not revoke) a
valid consent in favor of the proposed amendments to the Indenture
prior to the Expiration Date, a cash payment of $1.50 for each
$1,000 principal amount of Affected Notes in respect of which such
holder delivered (and did not revoke) such consent.
Furthermore, in accordance with the provisions of the
supplemental indenture incorporating the amendments to the
Indenture and dated as of May 9, 2016, Air Liquide elected to
provide (by way of a further supplemental indenture dated as of May
23, 2016) an unconditional guarantee of Airgas’s payment
obligations under the Indenture, the Affected Notes and all other
notes issued thereunder. As a result of the issuance of this
guarantee, Air Liquide will provide its periodic and current
reporting (under applicable French law) in lieu of Airgas’s
existing periodic and current reporting obligations.
The Solicitation Agent in connection with the consent
solicitation is Mitsubishi UFJ Securities (USA), Inc. Questions
regarding the consent solicitation may be directed to Mitsubishi
UFJ Securities (USA), Inc., Attention: Liability Management Group
at (877) 744-4532 (toll free), (212) 405-7481 (collect) or +44
207577-4048/4218. Global Bondholder Services Corporation is serving
as Information Agent and Tabulation Agent in connection with the
consent solicitation. Requests for assistance in delivering
consents or for additional copies of the Consent Solicitation
Statement should be directed to the Information Agent at (866)
807-2200 (toll free) or (212) 430-3774 (banks and brokers).
About Air Liquide1
World leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with more than
50,000 employees and serves more than 2 million customers and
patients. Oxygen, nitrogen and hydrogen have been at the core of
the company’s activities since its creation in 1902. Air Liquide’s
ambition is to be the leader in its industry, delivering long-term
performance and acting responsibly. Air Liquide ideas create value
over the long term. At the core of the company’s development are
the commitment and constant inventiveness of its people. Air
Liquide anticipates the challenges of its markets, invests locally
and globally, and delivers high-quality solutions to its customers
and patients, and the scientific community. The company relies on
competitiveness in its operations, targeted investments in growing
markets and innovation to deliver profitable growth over the
long-term. Air Liquide’s revenues amounted to €16.4 billion in
2015, and its solutions that protect life and the environment
represented more than 40% of sales. Air Liquide is listed on the
Paris Euronext stock exchange (compartment A) and is a member of
the CAC 40 and Dow Jones Euro Stoxx 50 indexes. For more
information, please visit www.airliquide.com
About Airgas2
Airgas, Inc., an Air Liquide company, is one of the leading
suppliers of industrial, medical and specialty gases, and
hardgoods, such as welding equipment and related products in the
United States. Airgas is a leading U.S. producer of atmospheric
gases with 17 air separation plants, a leading producer of carbon
dioxide, dry ice, and nitrous oxide, one of the largest U.S.
suppliers of safety products, and a leading U.S. supplier of
refrigerants, ammonia products, and process chemicals. More than
17,000 associates work in more than 1,100 locations, including
branches, retail stores, gas fill plants, specialty gas labs,
production facilities and distribution centers. Airgas also markets
its products and services through e-Business, catalog and telesales
channels. Its national scale and strong local presence offer a
competitive edge to its diversified customer base. Airgas revenues
amounted to $5.3 billion for the fiscal year ending 31 March 2016.
For more information, please visit www.airgas.com
ARG-G
1 Air Liquide 2015 revenue, headcount and number of customers
are not inclusive of Airgas.2 Airgas headcount and location numbers
are not reflective of the combined Airgas and Air Liquide
business.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160523006003/en/
Air LiquideMedia ContactCaroline Philips, +33 (0)1
40 62 50 84orInvestor ContactAude Rodriguez, +33 (0)1 40 62
51 50orAirgasMedia ContactSarah Boxler,
+1-610-263-8260orInvestor ContactJoe Marczely,
+1-610-263-8277
C3 AI (NYSE:AI)
Historical Stock Chart
From Aug 2024 to Sep 2024
C3 AI (NYSE:AI)
Historical Stock Chart
From Sep 2023 to Sep 2024