Air Products & Chemicals Inc., founded in 1940 and headquartered in Allentown, Pennsylvania, is a leading global provider of industrial gases and technological solutions. The company specializes in producing atmospheric and process gases, including oxygen, nitrogen, hydrogen, and argon, for various industries such as healthcare, manufacturing, and energy.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Air Products has a strong history of bond issuance, first entering the market in the 1970s to fund its expansion strategy. Notable issuances include the $1 billion in senior unsecured notes issued in 2020, which were used for general corporate purposes, including debt refinancing. Current yields on Air Products’ bonds are competitive within the industrial sector, reflecting investor confidence and the company's solid credit rating. Recently, Air Products has issued green bonds, underscoring its commitment to sustainability and carbon reduction initiatives, further enhancing its appeal to environmentally-conscious investors.