Davis Polk advised the joint book-running managers and as representatives of the several underwriters in connection with a public offering by PPG Industries, Inc. of $300 million aggregate principal amount of 3.200% notes due 2023 and $700 million aggregate principal amount of 3.750% notes due 2028.
PPG manufactures and distributes a broad range of paints, coatings and specialty materials. Founded in 1883, PPG serves customers in construction, consumer products, industrial and transportation markets and aftermarkets.
The Davis Polk corporate team included partner Byron B. Rooney and associates Joseph S. Payne and Yoojin L. Kim. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Partner Rachel D. Kleinberg provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.