New York, June 12, 2014 -- Moody's Investors Service has today assigned a Baa2 rating to the Airgas, Inc. (Airgas) proposed issuance of $300 million in senior unsecured notes due 2024. Airgas stated that the proceeds from the offering will be used to repay indebtedness under the commercial paper program in preparation for the maturity of $400 million of senior unsecured notes due 15 September 2014. The company also stated that proceeds will be used for general corporate purposes, including funding acquisitions. The company's rating outlook is stable.

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