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| ARG > SEC Filings for ARG > Form 8-K on 16-Oct-2009 | All Recent SEC Filings |
16-Oct-2009
Results of Operations and Financial Condition, Triggering Events That Accelerate or In
On October 14, 2009, Airgas, Inc. (the "Company") announced that during its fiscal second quarter ended September 30, 2009, it repurchased $58 million of its $400 million 7.125% Senior Subordinated Notes due October 1, 2018 (the "2018 Notes"), at an average price of 102.2%. A loss on the early extinguishment of debt of approximately $2 million ($1.3 million after tax, or $0.02 per diluted share) will be recognized related to the redemption premium and the write-off of unamortized debt issuance costs. The loss will be reflected in the fiscal second quarter ended September 30, 2009.
The Company also announced that a charge of approximately $1.7 million ($1.0 million after tax, or $0.01 per diluted share) related to partial withdrawal from a multi-employer pension plan will be reflected in the fiscal second quarter ended September 30, 2009.
The amounts related to the loss on the early extinguishment of debt on the 2018 Notes and the charge related to the partial withdrawal from a multi-employer pension plan were not included in the Company's previously issued earnings guidance of $0.64 - $0.69 per diluted share for the fiscal second quarter ended September 30, 2009.
The Company's press release announcing these items is attached as Exhibit 99.1
On October 13, 2009, the Company completed its previously announced redemption of all of its $150 million 6.25% Senior Subordinated Notes that were due July 15, 2014 (the "2014 Notes"), at a price of 103.125%. A loss on the early extinguishment of debt of approximately $6 million ($4 million after tax, or $0.05 per diluted share) will be recognized related to the redemption premium and the write-off of unamortized debt issuance costs. The loss will be reflected in the fiscal third quarter ending December 31, 2009.
The announcement of the Company's repurchase of $58 million of the 2018 Notes included in Item 2.02 is herein incorporated by reference.
The Company's press release announcing these items is attached as Exhibit 99.1.
(a) None
(b) None
(c) None
(d) Exhibits.
99.1 - Press Release dated October 14, 2009
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