PITTSBURGH--(BUSINESS WIRE)--Mar. 6, 2015--
PPG Industries (NYSE:PPG) announced today that it has commenced a public
offering of two series of euro-denominated senior notes (collectively,
the “Notes”). The exact terms, including the principal amount of the
Notes and timing of the offering, will depend on market conditions and
other factors. The offering will be made pursuant to PPG’s effective
shelf registration statement filed on Form S-3 with the U.S. Securities
and Exchange Commission (the “SEC”).
PPG Industries plans to use the net proceeds of the offering for general
corporate purposes.
The joint book-running managers for the offering are BNP Paribas;
Deutsche Bank AG, London Branch; HSBC Bank plc; J.P. Morgan Securities
plc; and Mitsubishi UFJ Securities International plc.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. Any
offers of the Notes will be made exclusively by means of a prospectus
and preliminary prospectus supplement.
Copies of the prospectus and preliminary prospectus supplement meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended, are available at no charge by visiting EDGAR on the SEC website
at www.sec.gov.
Alternately, PPG Industries, the underwriters or any dealer
participating in this offering will arrange to send you the prospectus
if you request it by: calling BNP Paribas collect at 44-20-7595-8222;
calling Deutsche Bank AG, London Branch, collect at 44-20-7545-2761;
calling HSBC Bank plc collect at 1-866-811-8049; calling J.P. Morgan
Securities plc collect at 44-20-7134-2468; or calling Mitsubishi UFJ
Securities International plc collect at 44-20-7577-2206.
PPG: BRINGING INNOVATION TO THE SURFACE.™
PPG Industries' vision is to be the world’s leading coatings company by
consistently delivering high-quality, innovative and sustainable
solutions that customers trust to protect and beautify their products
and surroundings. Through leadership in innovation, sustainability and
color, PPG provides added value to customers in construction, consumer
products, industrial and transportation markets and aftermarkets to
enhance more surfaces in more ways than does any other company. Founded
in 1883, PPG has global headquarters in Pittsburgh and operates in
nearly 70 countries around the world. Reported net sales in 2014 were
$15.4 billion. PPG shares are traded on the New York Stock Exchange
(symbol:PPG).
Forward-Looking Statements
Statements in this news release relating to matters that are not
historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 reflecting the
company’s current view with respect to future events or objectives and
financial or operational performance or results. These matters involve
risks and uncertainties as discussed in PPG Industries’ periodic reports
on Form 10-K and Form 10-Q, and its current reports on Form 8-K, filed
with the SEC. Accordingly, many factors could cause actual results to
differ materially from the company’s forward-looking statements.
Among these factors are PPG’s ability to complete the offering, global
economic conditions, increasing price and product competition by foreign
and domestic competitors, fluctuations in cost and availability of raw
materials, the ability to maintain favorable supplier relationships and
arrangements, the realization of anticipated cost savings from
restructuring initiatives, difficulties in integrating acquired
businesses and achieving expected synergies therefrom, the ability to
penetrate existing, developing and/or emerging foreign and domestic
markets, economic and political conditions in international markets,
foreign exchange rates and fluctuations in such rates, fluctuations in
tax rates, the impact of future legislation, the impact of environmental
regulations, unexpected business disruptions, the unpredictability of
existing and possible future litigation, including litigation that could
result if the asbestos settlement discussed in PPG’s filings with the
SEC does not become effective, and the company’s ability to integrate
the Comex business acquisition and to achieve anticipated synergies.
However, it is not possible to predict or identify all such factors.
Consequently, while the list of factors presented here is considered
representative, no such list should be considered to be a complete
statement of all potential risks and uncertainties. Unlisted factors may
present significant additional obstacles to the realization of
forward-looking statements.
Consequences of material differences in results as compared with those
anticipated in the forward-looking statements could include, among other
things, business disruption, operational problems, financial loss, legal
liability to third parties and similar risks, any of which could have a
material adverse effect on the company’s consolidated financial
condition, results of operations or liquidity.
Forward-looking statements speak only as of the date of their initial
issuance, and PPG does not undertake any obligation to update or revise
publicly any forward-looking statement, whether as a result of new
information, future events or otherwise, except as otherwise required by
applicable law.
Bringing innovation to the surface is a trademark of PPG
Industries Ohio, Inc.
Source: PPG Industries, Inc.
PPG Industries, Inc.
Media:
Mark Silvey, PPG Corporate
Communications, 412-434-3046
silvey@ppg.com
or
Investors:
Vince
Morales, PPG Investor Relations, 412-434-3740
vmorales@ppg.com