Corning Inc. (GLW), a leader in specialty glass and ceramics, plans to issue $500 million of 30-year senior unsecured bonds in the U.S. credit markets Wednesday, according to a person familiar with the matter.

The bonds are anticipated to be rated A3 by Moody's Investors Service, BBB-plus by Standard & Poor's and A-minus by Fitch Ratings. They are registered with the Securities and Exchange Commission.

The Corning, N.Y., company intends to use the funds for general corporate purposes.

The bonds feature a change of control provision allowing investors to redeem the notes at 101 cents on the dollar should the company be acquired.

J.P. Morgan and Wells Fargo Securities are lead underwriters.

-By Patrick McGee, Dow Jones Newswires; 212-416-2382; patrick.mcgee@dowjones.com

Corning (NYSE:GLW)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024 Click aqui para mais gráficos Corning.
Corning (NYSE:GLW)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024 Click aqui para mais gráficos Corning.