Debt

9 Months Ended

Jun. 30, 2020

DEBT

During the third quarter of fiscal year 2020, Air Products issued U.S. Dollar- and Euro-denominated fixed-rate notes with aggregate principal amounts of $3.8 billion and €1.0 billion ($1.1 billion as of 30 June 2020), respectively. The U.S. Dollar-denominated notes were issued on 30 April 2020, and the Euro-denominated notes were issued on 5 May 2020. The proceeds from these notes were reduced by deferred financing charges and discounts of approximately $45, which will be amortized over the life of the underlying bonds.

We intend to use the majority of the proceeds to fund growth projects and repay debt maturities through 2021.

The interest rate, maturity, and carrying amount as of 30 June 2020 for each of the notes issued during the third quarter of fiscal year 2020 is summarized in the table below:


	Fiscal Year Maturities	30 June 2020
Payable in U.S. Dollars
Senior Notes
Note 1.50%	2026	$550.0
Note 1.85%	2027	650.0
Note 2.05%	2030	900.0
Note 2.70%	2040	750.0
Note 2.80%	2050	950.0
Total Payable in U.S. Dollars		$3,800.0
Payable in Euro
Eurobonds 0.50%	2028	561.7
Eurobonds 0.80%	2032	561.7
Total Payable in Euro		$1,123.4
Total		$4,923.4