Air Products Issues $1.25B in Notes

TL;DR

APD just dropped $1.25B in new debt across several maturities - check the rates!

AI Summary

On June 9, 2025, Air Products & Chemicals, Inc. filed an 8-K report detailing the issuance of $1.25 billion in senior unsecured notes. These notes are divided into multiple tranches with varying maturity dates and interest rates, including $400 million due in 2035 at 4.000% and $350 million due in 2032 at 3.800%. The company also reported on other events and filed financial statements and exhibits.

Why It Matters

This debt issuance provides Air Products with significant capital, likely for operational expansion or refinancing, impacting its financial structure and future investment capacity.

Risk Assessment

Risk Level: low — The filing is a standard debt issuance announcement, which is a routine financial activity for a company of this size and does not indicate unusual risk.

Key Numbers

• $1.25B — Senior Unsecured Notes Issued (Total capital raised through the debt offering.)
• 2035 — Maturity Year (Longest maturity date for the issued notes.)
• 4.000% — Interest Rate (Coupon rate for the notes maturing in 2035.)

Key Players & Entities

• Air Products & Chemicals, Inc. (company) — Registrant
• $1.25 billion (dollar_amount) — Total principal amount of senior unsecured notes issued
• June 9, 2025 (date) — Date of earliest event reported
• $400 million (dollar_amount) — Principal amount of notes due 2035
• 4.000% (dollar_amount) — Interest rate for notes due 2035
• $350 million (dollar_amount) — Principal amount of notes due 2032
• 3.800% (dollar_amount) — Interest rate for notes due 2032

FAQ

From the Filing

0001193125-25-139014.txt : 20250611 0001193125-25-139014.hdr.sgml : 20250611 20250611140300 ACCESSION NUMBER: 0001193125-25-139014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 24 CONFORMED PERIOD OF REPORT: 20250609 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250611 DATE AS OF CHANGE: 20250611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Air Products & Chemicals, Inc. CENTRAL INDEX KEY: 0000002969 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] ORGANIZATION NAME: 08 Industrial Applications and Services EIN: 231274455 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04534 FILM NUMBER: 251039597 BUSINESS ADDRESS: STREET 1: 1940 AIR PRODUCTS BLVD. CITY: ALLENTOWN STATE: PA ZIP: 18106-5500 BUSINESS PHONE: 6104814911 MAIL ADDRESS: STREET 1: 1940 AIR PRODUCTS BLVD. CITY: ALLENTOWN STATE: PA ZIP: 18106-5500 FORMER COMPANY: FORMER CONFORMED NAME: AIR PRODUCTS & CHEMICALS, INC. DATE OF NAME CHANGE: 20220408 FORMER COMPANY: FORMER CONFORMED NAME: AIR PRODUCTS & CHEMICALS INC /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 d938463d8k.htm 8-K 8-K Air Products & Chemicals, Inc. false 0000002969 0000002969 2025-06-09 2025-06-09 0000002969 us-gaap:CommonClassAMember 2025-06-09 2025-06-09 0000002969 apd:A0500NotesDue2028Member 2025-06-09 2025-06-09 0000002969 apd:A2.950NotesDue2031Member 2025-06-09 2025-06-09 0000002969 apd:A0800NotesDue2032Member 2025-06-09 2025-06-09 0000002969 apd:A4000NotesDue2035Member 2025-06-09 2025-06-09 0000002969 apd:A3.450NotesDue2037Member 2025-06-09 2025-06-09     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) June 9, 2025     Air Products and Chemicals, Inc. (Exact name of registrant as specified in charter)       Delaware   001-04534   23-1274455 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1940 Air Products Boulevard Allentown , Pennsylvania 18106-5500 (Address of principal executive offices and zip code) (610) 481-4911 Registrant’s telephone number, including area code not applicable (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $1.00 per share   APD   New York Stock Exchange 0.500% Euro Notes due 2028   APD28   New York Stock Exchange 2.950% Euro Notes due 2031   APD31   New York Stock Exchange 0.800% Euro Notes due 2032   APD32   New York Stock Exchange 4.000% Euro Notes due 2035   APD35   New York Stock Exchange 3.450% Euro Notes due 2037   APD37   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 under the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emergi