PPG Industries, Inc. €900 Million Notes Offering
Davis Polk advised the joint book-running managers in connection with a public offering by PPG Industries, Inc. of €300 million aggregate principal amount of 0.000% notes due 2019 and €600 million aggregate principal amount of 0.875% notes due 2025.
PPG manufactures and distributes a broad range of coatings, specialty materials and fiberglass products. Founded in 1883, PPG serves customers in construction, consumer products, industrial and transportation markets and aftermarkets.
The Davis Polk corporate team included partners Richard A. Drucker and Byron B. Rooney and associate Joseph S. Payne. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Partner Rachel D. Kleinberg and associate Sam R. Van Peperstraete provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.