Davis Polk advised BNP Paribas Securities Corp., Goldman, Sachs & Co. and J.P. Morgan Securities LLC as joint book-running managers on a public offering by PPG Industries, Inc. of $400 million aggregate principal amount of 2.7% notes due 2022.
PPG is a leading coatings and specialty products company. Founded in 1883, PPG serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets.
The Davis Polk corporate team included partner Richard A. Drucker, associate Phoebe Nel and law clerk Adam Balin. The environmental team included counsel Loyti Cheng and associate Catharine Thorpe. Partner Michael Farber and associate Kerry S. Price provided tax advice. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
