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Corning Prices $250 Million of Senior Unsecured Notes

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Corning Incorporated (NYSE: GLW) announced today that it has priced $250 million aggregate principal amount of senior unsecured notes at a coupon of 1.45%. The notes will mature on November 15, 2017. Subject to customary closing conditions, the transaction is expected to close on October 31, 2012. A portion of the net proceeds of the offering will be used to fund the purchase of the debt securities subject to the tender offer and the redemptions announced by the company today, and any excess net proceeds will be used for general corporate purposes.

Posted-In: News Financing Offerings

 

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