Davis Polk advised Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint book-running managers and representatives of the underwriters on an SEC-registered public debt offering by Airgas, Inc. of $325 million principal amount of its 1.65% notes due 2018 and $275 million principal amount of its 2.375% notes due 2020.
Headquartered in Radnor, Pennsylvania, Airgas is the largest U.S. distributor of industrial, medical and specialty gases (delivered in “packaged” or cylinder form), and hardgoods, such as welding equipment and supplies, with a significant position in the U.S. bulk gas distribution market. Airgas is also a leading U.S. producer of atmospheric gases, carbon dioxide, dry ice and nitrous oxide, one of the largest U.S. distributors of safety products, and a leading distributor of refrigerants, ammonia products and process chemicals.
The Davis Polk corporate team included partner Michael Kaplan, associate Eilleen J. Park and law clerk Kyle Raymond Smit. The tax team included partner Rachel D. Kleinberg and associate Avinash Venkatesh. Counsel Loyti Cheng and associate Catharine Thorpe provided environmental advice. Sorina Delia Lazar was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and Menlo Park offices.
