PPG Announces Completion Of Tender Offers To Purchase Certain Debt Securities, ~$90.3M Aggregate

PPG Industries

today announced the completion of the previously announced cash tender offers (each an “Offer”) for any and all of its outstanding debt securities in the series specified in the table below (the “Securities”). Each Offer expired at 5:00 p.m., New York City time, on November 14, 2014. After the expiration of the Offers, PPG accepted for purchase all of the Securities that were validly tendered and not validly withdrawn prior to the expiration of the relevant Offer, representing a total aggregate principal amount of approximately $90.3 million. Set forth in the table below is the aggregate principal amount of Securities of each series accepted for purchase pursuant to the Offers: Title of Securities CUSIP No. Aggregate Principal Amount Accepted for Purchase 9% Debentures due 2021 693506AQ0 $16,110,000 7.70% Notes due 2038 693506BC0 $74,142,000 Payment for Securities purchased pursuant to the Offers will be made to The Depository Trust Company, as registered holder of the Securities, today. PPG funded the purchase of the Securities with the net proceeds of its previously announced public offering of $300.0 aggregate principal amount of 2.300% Notes due 2019, together with cash on hand. J.P. Morgan Securities LLC served as Dealer Manager for the Offers. D.F. King & Co., Inc., served as Information Agent and Tender Agent for the Offers. This news release shall not be construed as an offer to purchase or a solicitation of an offer to purchase any of the Securities or any other securities. PPG: BRINGING INNOVATION TO THE SURFACE.™ PPG Industries' vision is to continue to be the world's leading coatings and specialty materials company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Reported net sales in 2013 were $15.1 billion. PPG shares are traded on the New York Stock Exchange

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