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 $300 million aggregate principal amount of 2.400% notes due 2024 and $300 million aggregate principal amount of 2.800% notes due 2029.
PPG manufactures and distributes a broad range of 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 and associates Ida Araya-Brumskine and Edward Peck. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Counsel Leslie J. Altus and associate Tomislava Dragicevic provided tax advice. All members of the Davis Polk team are based in the New York office.