The investment-grade notes are due 2028 and 2032

Davis Polk advised the representatives of the several underwriters in connection with the SEC-registered offering by Air Products and Chemicals, Inc. of $600 million aggregate principal amount of its 4.300% notes due 2028 and $500 million aggregate principal amount of its 4.900% notes due 2032.

Air Products is a world-leading industrial gases company in operation for over 80 years and focused on serving energy, environmental and emerging markets. Air Products’ base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries. Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors.

The Davis Polk capital markets team included partner Roshni Banker Cariello, counsel Jennifer (Ying) Lan and associates David Giordano and Kristiana J. Olson. Partner Corey M. Goodman and associate Jenna Battaglia provided tax advice. Counsel Michael Comstock and associate Shefain Islam provided environmental advice. All members of the Davis Polk team are based in the New York office.