Davis Polk advised the underwriters on the registered offering of $500 million aggregate principal amount of 2.2% notes due 2022 by Praxair, Inc. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.
Praxair is the largest industrial gas company in North and South America, and one of the largest worldwide. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings used in a wide variety of industries, including aerospace, chemicals, electronics, food and beverage, energy, health care, manufacturing, metals and others.
The Davis Polk corporate team included partner Sarah E. Beshar and associates Jason Roomer and Roshni S. Banker. Partner Samuel Dimon and associate Una Au provided tax advice. Counsel Loyti Cheng and associate Kevin J. Klesh provided environmental advice. Counsel Jeanine P. McGuinness provided regulatory advice. Kristyn M. Dunleavy was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and Washington DC offices.
