Davis Polk advised underwriters represented by BNP Paribas, HSBC Bank plc and Mitsubishi UFJ Securities International plc on a public offering by PPG Industries, Inc. (PPG) of €600 million aggregate principal amount of 0.875% notes due 2022 and €600 million aggregate principal amount of 1.400% notes due 2027.
PPG is a leading coatings and specialty products company. Founded in 1883, PPG serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets.
The Davis Polk corporate team included partner Richard A. Drucker and associates Kate Darracott and Denny Won. The environmental team included counsel Loyti Cheng and associate Amy E. Turner. Counsel Craig A. Phillips and David Wilson and associate Sam R. Van Peperstraete provided tax advice. Members of the Davis Polk team are based in the New York and London offices.