PPG Industries sells €900 million of 3.250% notes due 2032
On March 4, 2025, PPG completed an offering of €900 million aggregate principal amount of 3.250% notes due 2032. The company says it will use the net proceeds for general corporate purposes, including working capital, capital expenditures, debt repayment or possible acquisitions. The new debt adds to PPG's borrowings, and the notes carry covenants limiting certain liens and mergers.
Key points
- Notes: €900 million aggregate principal, 3.250% coupon, due 2032, completed March 4, 2025
- Underwriters buy the notes at 99.022% of principal; public offering price is 99.422%
- Holders can require repurchase at 101% of principal plus accrued interest upon a Change of Control Triggering Event
- Proceeds intended for general corporate purposes, which may include repaying existing debt or funding possible acquisitions
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.