PPG $700 million notes offering
We advised the underwriters on the investment-grade debt offering
Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with a public offering by PPG Industries, Inc. of $700 million aggregate principal amount of 1.200% notes due 2026.
PPG manufactures and distributes a broad range of paints, coatings and specialty materials. Founded in 1883, PPG operates in approximately 70 countries and supplies coating and specialty materials to customers in a wide array of end-uses, including industrial equipment and components, packaging material, aircraft and marine equipment, automotive original equipment, automotive refinish, as well as for other industrial and consumer products.
The Davis Polk corporate team included partner Byron B. Rooney, counsel Jennifer Ying Lan and associate Adam Greene. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Partner Mario J. Verdolini provided tax advice. All members of the Davis Polk team are based in the New York office.