Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. Announce an Offer to Purchase up to
$425,000,000 of Certain Series of Commercial Paper issued by Air Products at a Dollar Price of Par
Citigroup Global Markets Inc. (“Citi”) and Deutsche Bank Securities Inc. (“DB”) (collectively, the "Purchasers") today announced
that they are commencing an offer to purchase up to $425,000,000 of outstanding commercial paper issued by Air Products &
Chemicals, Inc. (the "Company") across the CUSIPs listed in the table below (the "CP") through a cash offer (the "Offer").
The Offer will be open to holders of the subject CP until 5:00pm New York City time on Tuesday, September 13, 2016, unless
extended or the Offer is earlier terminated by the Purchasers in their sole discretion (such date and time, as the same may be
extended, the "Expiration Time").
| CUSIP No. |
|
|
Par Amount Outstanding |
|
|
Maturity Date |
|
|
Purchaser to Call |
| |
| 00915SL18 |
|
|
$400,000,000 |
|
|
November 1, 2016 |
|
|
DB |
| 00915SL26 |
|
|
$180,000,000 |
|
|
November 2, 2016 |
|
|
DB |
| 00915SL34 |
|
|
$285,000,000 |
|
|
November 3, 2016 |
|
|
Citi |
| 00915SL42 |
|
|
$111,000,000 |
|
|
November 4, 2016 |
|
|
Citi |
| 00915SL75 |
|
|
$160,000,000 |
|
|
November 7, 2016 |
|
|
Citi |
| 00915SL83 |
|
|
$60,000,000 |
|
|
November 8, 2016 |
|
|
Citi |
| 00915SLE0 |
|
|
$25,000,000 |
|
|
November 14, 2016 |
|
|
Citi |
| |
As “Consideration,” the Purchasers shall pay selling holders a dollar price in cash equal to the par amount of the CP offered
for sale and accepted for purchase pursuant to the Offer. Settlement is expected to occur two business days following the
acceptance of a holder’s offer.
Sales of CP will be on a first-come, first-served basis with transactions settling directly with one of the Purchasers.
Interested holders should call one of the Purchasers to offer their CP. For CP with maturity dates from November 1 to November 2,
2016, please call Deutsche Bank Securities Inc. at (866) 627-0391 or (212) 250-2955 and for CP with maturity dates from November 3
to November 14, 2016, please call Citigroup Global Markets Inc. at (800) 558-3745 or (212) 723-6106.
For the avoidance of doubt, the acceptance of an offer to sell CP shall be at the sole discretion of the Purchasers; neither of
the Purchasers shall be obliged to accept for purchase all or any of an interested holder’s CP.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer,
solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
Deutsche Bank Press Office:
212-250-7171
press-media-relations.americas@db.com
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