trending Market Intelligence /marketintelligence/en/news-insights/trending/s5RNHr_bJElW95kTQf8ipQ2 content esgSubNav
In This List

3M launches debt offering


Next in Tech | Episode 94: Is it cloud versus datacenter?


According to Market Intelligence, December 2022


Private Markets 360° | Episode 1: The role of ESG in Private Equity


Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

3M launches debt offering

3M Co. announced Sept. 21 a public offering of three series of notes and the initiation of tender offers to purchase for cash up to $400 million of its 6.375% debentures due 2028 and 5.70% notes due 2037.

The company said that the term, aggregate principal amount, interest rate and other terms of each series of the notes will be determined at pricing. Excess net proceeds from the deal will be used to finance the acquisition of device safety maker Scott Safety and for general corporate purposes.

J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Wells Fargo Securities LLC, Barclays Capital Inc. and Morgan Stanley & Co. LLC were appointed as the joint book-running managers for the offering for the notes.