PPG Industries, Inc. $1 Billion Notes Offering

Davis Polk advised the joint book-running managers and as representatives of the several underwriters in connection with a public offering by PPG Industries, Inc. of $300 million aggregate principal amount of 3.200% notes due 2023 and $700 million aggregate principal amount of 3.750% notes due 2028.

BNP PARIBAS, J.P. Morgan, Citigroup, Goldman Sachs & Co. LLC, MUFG PNC Capital Markets LLC acted as Joint Book-Running Managers on the offering.

PPG manufactures and distributes a broad range of paints, coatings and specialty materials. Founded in 1883, PPG serves customers in construction, consumer products, industrial and transportation markets and aftermarkets.

The Davis Polk corporate team included partner Byron B. Rooney (Picture) and associates Joseph S. Payne and Yoojin L. Kim. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Partner Rachel D. Kleinberg provided tax advice.


Involved fees earner: Byron Rooney – Davis Polk & Wardwell; Joseph Payne – Davis Polk & Wardwell; Yoojin Kim – Davis Polk & Wardwell; Michael Comstock – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: BNP Paribas; Citigroup Inc.; Goldman, Sachs & Co.; JP Morgan; PNC Capital Markets LLC; Mitsubishi UFJ Financial Group;



Author: Ambrogio Visconti