PPG Industries, Inc. announced the completion of a €900 million offering of 3.250% Notes due 2032. These notes were issued under the company's existing registration statement and will be governed by an indenture agreement. The net proceeds from the offering will be used for general corporate purposes, including working capital, capital expenditures, debt repayment, investments, or possible acquisitions.

The notes contain covenants limiting PPG's ability to incur secured debt, engage in mergers or asset transfers, and require a repurchase offer upon a "Change of Control Triggering Event." The company also has the option to redeem all the notes in the event of specific U.S. tax law changes.

An underwriting agreement for the sale of these notes was signed on February 26, 2025, with terms including an issue price of 99.022% of principal and a public offering price of 99.422%. The company also agreed to indemnify underwriters against certain liabilities.

This financial obligation will be reflected in the company’s filings, and supporting documents, including indenture agreements, the underwriting agreement, and legal opinions, are attached as exhibits to this Form 8-K.