Corning plans to conduct two-part notes sale via four bookrunners

By Devika Patel

Knoxville, Tenn., Oct. 30 – Corning Inc. intends to price dollar-denominated notes (BBB+) in two tranches, according to a 424B2 filed with the Securities and Exchange Commission.

The notes, due in 2048 and 2068, feature a make-whole call until 180 days prior to maturity and then a par call.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC and BofA Merrill Lynch are the bookrunners.

Proceeds will be used for general corporate purposes, including common stock repurchases and dividend payment, debt repayment or reduction, acquisitions, working capital, capital expenditures and investments.

Based in Corning, N.Y., Corning is a technology manufacturing company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.