-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DBNZPYqYEbFqr3NO+OwYRvLCepkYL0pJx49RmjDSKgq1C05lgUfZ3Fxu7+b4l7G4 AQV/m29QTUPqAR5xJRwbBA== 0000893220-08-001730.txt : 20080604 0000893220-08-001730.hdr.sgml : 20080604 20080604163007 ACCESSION NUMBER: 0000893220-08-001730 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080604 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080604 DATE AS OF CHANGE: 20080604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS DATA LLC CENTRAL INDEX KEY: 0001158066 IRS NUMBER: 383398137 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-16 FILM NUMBER: 08880919 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS CARBONIC INC CENTRAL INDEX KEY: 0001158058 IRS NUMBER: 582298979 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-05 FILM NUMBER: 08880923 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS WEST INC CENTRAL INDEX KEY: 0001158055 IRS NUMBER: 951525207 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-08 FILM NUMBER: 08880925 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS MID SOUTH INC CENTRAL INDEX KEY: 0001158193 IRS NUMBER: 710775603 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-12 FILM NUMBER: 08880930 BUSINESS ADDRESS: STREET 1: 295 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: 295 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 19087 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS GULF STATES INC CENTRAL INDEX KEY: 0001158050 IRS NUMBER: 521633106 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-14 FILM NUMBER: 08880931 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS NORTH CENTRAL INC CENTRAL INDEX KEY: 0001158048 IRS NUMBER: 391845894 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-21 FILM NUMBER: 08880933 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RED D ARC INC CENTRAL INDEX KEY: 0001158062 IRS NUMBER: 880259460 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-01 FILM NUMBER: 08880920 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS SPECIALTY GASES INC CENTRAL INDEX KEY: 0001158059 IRS NUMBER: 760182866 STATE OF INCORPORATION: TX FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-04 FILM NUMBER: 08880922 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS SAFETY INC CENTRAL INDEX KEY: 0001158056 IRS NUMBER: 232840701 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-07 FILM NUMBER: 08880924 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS SOUTH INC CENTRAL INDEX KEY: 0001158049 IRS NUMBER: 521390683 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-20 FILM NUMBER: 08880932 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS INC CENTRAL INDEX KEY: 0000804212 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] IRS NUMBER: 560732648 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09344 FILM NUMBER: 08880934 BUSINESS ADDRESS: STREET 1: 259 N. RADNOR-CHESTER ROAD STREET 2: SUITE 100 CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: 259 N. RADNOR-CHESTER ROAD STREET 2: SUITE 100 CITY: RADNOR STATE: PA ZIP: 19087 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS GREAT LAKES INC CENTRAL INDEX KEY: 0001158046 IRS NUMBER: 061463355 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-23 FILM NUMBER: 08880936 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NITROUS OXIDE CORP CENTRAL INDEX KEY: 0001158060 IRS NUMBER: 232359281 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-03 FILM NUMBER: 08880921 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS NOR PAC INC CENTRAL INDEX KEY: 0001158052 IRS NUMBER: 911428840 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-11 FILM NUMBER: 08880928 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS MID AMERICA INC CENTRAL INDEX KEY: 0001158047 IRS NUMBER: 611237230 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-22 FILM NUMBER: 08880935 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS SOUTHWEST INC CENTRAL INDEX KEY: 0001158054 IRS NUMBER: 742768918 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-09 FILM NUMBER: 08880926 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS EAST INC CENTRAL INDEX KEY: 0001158045 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160] IRS NUMBER: 061463355 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-24 FILM NUMBER: 08880937 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS INTERMOUNTAIN INC CENTRAL INDEX KEY: 0001158051 IRS NUMBER: 840590677 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-13 FILM NUMBER: 08880929 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAS NORTHERN CALIFORNIA & NEVADA INC CENTRAL INDEX KEY: 0001158053 IRS NUMBER: 232491493 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68722-10 FILM NUMBER: 08880927 BUSINESS ADDRESS: STREET 1: C/O AIRGASS INC STREET 2: 259 NORTH CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 BUSINESS PHONE: 6106875253 MAIL ADDRESS: STREET 1: C/O AIRGAS INC STREET 2: 259 NORTH RADNOR CHESTER RD STE 100 CITY: RADNOR STATE: PA ZIP: 190875283 8-K 1 w59992e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): June 4, 2008
AIRGAS, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   1-9344   56-0732648
         
(State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)
259 North Radnor-Chester Road, Suite 100
Radnor, PA 19087-5283
(Address of principal executive offices)
Registrant’s telephone number, including area code: (610) 687-5253
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 7.01.   Regulation FD
     In the offering memorandum for the offering described below, the Company presented the following disclosure regarding adjusted EBITDA and a reconciliation to its most comparable measure under accounting principles generally accepted in the United States (“GAAP”).
                 
    Three Months     Year Ended  
    Ended March 31,     March 31,  
    2008     2008  
    ($ in millions)  
Operating income
  $ 131.0     $ 476.1  
Plus:
               
Depreciation and amortization
    48.6       189.8  
 
           
Adjusted EBITDA
  $ 179.6     $ 665.9  
 
           
     Adjusted EBITDA is a supplemental measure of our performance that is not required by, or presented in accordance with GAAP. It is not a measurement of our financial performance under GAAP and should not be considered as an alternative to operating income or net income or any other performance measures derived in accordance with GAAP or as an alternative to cash flows from operating activities as a measure of our liquidity.
     The Company defines adjusted EBITDA as operating income before depreciation and amortization. The Company believes adjusted EBITDA provides investors meaningful insight into its ability to generate cash from operations to support required working capital, capital expenditures, debt repayment and other financial obligations, as well as to fund future acquisitions. The Company cautions investors that amounts presented in accordance with our definition of adjusted EBITDA may not be comparable to similar measures disclosed by other issuers, because not all issuers and analysts calculate adjusted EBITDA in the same manner. The Company presents adjusted EBITDA because it considers it an important supplemental measure of performance and believe it is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.
     The information contained in this Form 8-K report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
Item 8.01.   Other Events
     On June 4, 2008, Airgas, Inc. (the “Company”) announced its intent to commence an offering of $350 million of new senior subordinated notes due 2018, which are to be guaranteed by the U.S. subsidiaries of the Company that guarantee its existing credit agreement, as described in the press release attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01   Financial Statements and Exhibits
     Exhibit 99.1 — Press Release dated June 4, 2008

 


 

Signatures
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
                     
AIRGAS, INC.   AIRGAS EAST, INC.
(Registrant)   AIRGAS GREAT LAKES, INC.
        AIRGAS MID AMERICA, INC.
        AIRGAS NORTH CENTRAL, INC.
BY:   /s/ Thomas M. Smyth       AIRGAS SOUTH, INC.
    Thomas M. Smyth   AIRGAS GULF STATES, INC.
    Vice President & Controller   AIRGAS MID SOUTH, INC.
        AIRGAS INTERMOUNTAIN, INC.
        AIRGAS NORPAC, INC.
        AIRGAS NORTHERN CALIFORNIA & NEVADA, INC.
        AIRGAS SOUTHWEST, INC.
        AIRGAS WEST, INC.
        AIRGAS SAFETY, INC.
        AIRGAS CARBONIC, INC.
        AIRGAS SPECIALTY GASES, INC.
        NITROUS OXIDE CORP.
        RED-D-ARC, INC.
        AIRGAS DATA, LLC
 
                   
                 
        (Co-Registrants)        
 
                   
 
      BY:   /s/ Thomas M. Smyth        
 
                   
 
          Thomas M. Smyth
Vice President
       
DATED: June 4, 2008

 

EX-99.1 2 w59992exv99w1.htm PRESS RELEASE exv99w1
Exhibit 99.1
(AIRGAS NEW RELEASE LETTERHEAD)    Airgas, Inc.
259 N. Radnor-Chester Road
Suite 100
Radnor, PA 19087-5283
www.airgas.com
 
Investor Contact:   Media Contact:
Jay Worley (610) 902-6206   James Ely (610) 902-6010
jay.worley@airgas.com   jim.ely@airgas.com
For release: Immediately
Airgas Announces $350 Million Offering of Senior Subordinated Notes
RADNOR, PA — June 4, 2008 — Airgas, Inc. (NYSE: ARG) announced today its intent to commence an offering of $350,000,000 of a new series of senior subordinated notes due 2018, which are to be guaranteed by the U.S. subsidiaries of Airgas that guarantee its existing credit agreement. Net proceeds from the offering will be used to reduce the outstanding balance under Airgas’ existing revolving credit facility.
The notes are being sold in the United States to qualified institutional buyers in reliance on Rule 144A, under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act . These notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release is being issued pursuant to Rule 135c and shall not constitute an offer to sell or a solicitation of an offer to buy the securities.
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is the largest U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also one of the largest U.S. distributors of safety products, the largest U.S. producer of nitrous oxide and dry ice, the largest liquid carbon dioxide producer in the Southeast, and a leading distributor of process chemicals, refrigerants, and ammonia products. More than 14,500 employees work in over 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit www.airgas.com.

 


 

Airgas Note Announcement/Page 2
Forward-Looking Statements
This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases. These statements include, but are not limited to, statements regarding Airgas’ intent to sell senior subordinated notes and to use proceeds from the offering to reduce the balance of its revolving credit facility. We intend that such forward-looking statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectations regarding important risk factors and should not be regarded as a representation by us or any other person that the results expressed therein will be achieved. Important factors that could cause actual results to differ materially from those contained in any forward-looking statement include: Airgas’ ability to sell the notes; an economic downturn; supply cost pressures; increased industry competition; our ability to successfully consummate and integrate acquisitions; adverse changes in customer buying patterns; significant fluctuations in interest rates; increases in energy costs and other operating expenses; the effect of catastrophic events; political and economic uncertainties associated with current world events; and other factors described in the Company’s reports, including its Form 10-K dated March 31, 2008 and other forms filed by the Company with the Securities and Exchange Commission.

 

GRAPHIC 3 w59992w5999201.gif GRAPHIC begin 644 w59992w5999201.gif M1TE&.#EA9P$[`/<``````(````"``("`````@(``@`"`@,#`P,#Q!U>!1X>QAY?1M\@!Y] M@2*`@RF#ABR%B2^&BC.)C#>+CCR.D3F4E$*1E$*4G$Y.3DF6F4Z9FU*;GE*< MI5F?HERAI&&DIF>HJF.MK6AH:&FHJFNJK'&MKW:PLG.UM7Q\?'JRM(*VN(6X MNH>ZO(V-C8Z^P(R]QI/`PI7"PYN;FY['R*')RYS.SJ>GIZ3*RZW/T*_1T['3 MT[.SL[74U;V]O;K7V;[9V\#;W,?'Q\;>W\;>Y\OAXL_CY-75U=CHZ=;G[];O M[^'AX=[L[.GIZ>;P\>OS].?W]_'Q\?'V]_7Y^?G[_/K\_/[^_@`````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M`````````````````````````````````````````/_[\*"@I("`@/\```#_ M`/__````__\`_P#______R'Y!```````+`````!G`3L`AP```(````"``("` M````@(``@`"`@,#`P,#Q!U>!1X>QAY?1M\@!Y]@2*`@RF#ABR%B2^&BC.)C#>+CCR.D3F4 ME$*1E$*4G$Y.3DF6F4Z9FU*;GE*HJF.MK6AH:&FHJFNJ MK'&MKW:PLG.UM7Q\?'JRM(*VN(6XNH>ZO(V-C8Z^P(R]QI/`PI7"PYN;FY[' MR*')RYS.SJ>GIZ3*RZW/T*_1T['3T[.SL[74U;V]O;K7V;[9V\#;W,?'Q\;> MW\;>Y\OAXL_CY-75U=CHZ=;G[];O[^'AX=[L[.GIZ>;P\>OS].?W]_'Q\?'V M]_7Y^?G[_/K\_/[^_@`````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M`````````/_[\*"@I("`@/\```#_`/__````__\`_P#______PC^`,,('$BP MH,&#"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI$8B#QY`6,FR MY4H'*Q264.GR)0R3.'/JW,FS9T@9#FH*?=#!2\*90B$XN.FSJ=.G4*.*%$$S M*IRJ=2O8,.*#=OE`E>K*I-`@!4$O2F[`6!Y# M!Y$K`[U!#N(A MY,0)$M@W94H.-##!"R;2Z&94A^'X5PWT:8`CD$[HE>-9"#(!@9PO@3#$GSE: M25`/$K2UVDH'-E`"=@;I,`&2BQ*WP7QO9MJ49HNVY$`)==[)5)!Z#E43@B5L MEEA*&ZQJJ$#^*`&:8P,B0#H0#(IV^E(&T&GJ:TY@J&;J4!N$.5`7=OXU:IZR M>LKF<)6J.M2K5YB%%F<-T$D0#[GJ^A*HOX9+4A;6>ALB904A*^I`S.JZE)^R M;NGJ0"](VYE]E.9X@18#35%JCF@]@(2X!(/D!*$U$?7O51`089"ZRK*[\)YI MOC"$K`Y,H!2@#QB:A07PA2C##S64F_`##@NT@KV>XGLGN`7'K!$/(4/P`K2G MWO!PLD+A.?&I&6>P@0Z'K2K"%$ZH(&_"AJ)DZ@_LXIQPAE=(W94&,?00@]57 M38"NS&!75.]0$PQALJ?\$01QS\O^?)4#'_`P11=&U<`RPP,+](+^G!T+9/=0 M%QB;PMU_9ECT4!ST&L;A">\8]N,1@0%"R!5$L>!0'JRG-L^GMBTG3+:&\7>. M$\@HD+\X]AV&"G<_<(&MN.:88>Q#\:!VCSW'`/GN#I$;<@9=()5P5NERWI7G M.8*@.4&T#T6\0%6G;N@)K;].T,JR"T2]J7D+%"Q\#IS`^_@*'1SR9]@G#`%N MFZ_;G]LI95C0]CE6`"GJA0HT^)G6#R3LU`(Q0>L>(#^!I&I*<#,6^188AA[< M*2:CX](#;->^B+TO9`]PW/P(]R?[]R31($/HY[WX@5)T3=,#$)C*1 M!T-`S@HJT"T`AL&(I\I`RL(P!21X\8M?=,(-&2@Y#.[("`CCTF, M)!$%XH7+U<^2^3O($@K4+$9!@#0"Z4$5$Y:Q&@B2E.3S8XYJZ,C.2/*'[B/5 M&PM2RTI^\)+4C,'&S/5+@@R.DP[H0/>0N<#T)0QU8S8.;F!!.=U04H"%#(1>\OKP)*CC00IF8&T9T2G&48JHD6.G+1CL?ZP!\/ M]($5JL2BT8G!@19UGQ(HKJ,R0\(IK_+,)1$N1(HS*4M\-LWCQ'-XN)S6K1J0 M&`=(0`99`"*A<$H0LV5T*`W(`%>!*BYE'E*482#"4'VY1:7:!*7.5"E+;SE/ MJ;[TJ:S1FKUK;%\)S4IV=*H M,DT@-^"@`VK52+YV)I\)^4$&AMFS"\2PL)H"PU,[99A?"Y*%%>R4,YM='FHS]=%9-6BF17%L--LEV0WJ M]J'Y>T^.<'"[O=S4(4,8+6=20MCETDBH]QSO\VC+5(8:!(M<2N5`FGO9O%"N M3;,-KB_U>H,7=.>_%CN=/:N:-O.ZR0:!U55:I*M0ZM[6()PB'5IM=,E8#04$ MZ=+O5F=[`1*6L`$,4$%T9HB6#1S3P*BJC0,%UL5")`P!`[,U$H1[(K^CKN@X90`8:4_[AD+BI>Z"1A9(E*` MLA00@@4`N(`N>8ZRH)/\YXE8`0`Y$,QB5YRC-7(YL@\N"(6K>J#`]BW"IUJS MA@L'YY#!;"!,JM^=(Y($/R,:(7GV`5U*G014TP``0I@(JP53A+4R^BJMF>UC M:]ME1A55;6>+)"?13#C90H^5!!2(C:]20X*@UWFCAD@.`"`%$@"`"P<1`@": M0)=I[QDAARYT1'Q`[7IF M,*<.X`/Q-Y?^,D2SOQB'(&GVU*>/;.4\+]D@328(%X[P:C\+`=L#B?E`GLQP M@FC[VV%(0LT1S>V%(/GE"='YSFE.Z)L7Q,HR9[K-<5Z0)$P[R3EH]4&$#N4< M%#WJ-7>!TPWR@SB#$D"!=0"=+@Z_7Q/DD[/JP`GX9B6,=^8$O7+"KI,=!D5B M$`9:\0(16*F4QE8DSXD.@\.!+I!#TX`@I1XT"8`^;80/I`E0MKQ`'#Z0H4?Y M\0I!?.@!`/J!1%[0DQ_(H1,OD--'.?4#J?:@_8R%@G@>RJ4/^NQASSP0_ND$ M/PB^\'G@^T^M=-?M=7=!?K!)+MU'!%=8Y26E;Q4'7.`$)9C`C.7^!X*C6A\$ M"ZKS:24RZS`'00H. M%VL)47X(86U:)Q#M)P3O%W])AG,$F(`+*'\"T6>PIGE2\&JLQWX`T'^Q%X`( MF&0*.($22!!4P3=?MFF,4BQ>@'POYF4*\0,7("#Y@20=D"':=3)04T:KTGS9 M(Q#,%S`\F&D8X6T3V(`$06[?YG+^-Q#G)X"EMGYAD&1YMGYY5G1*)Q!/IA!$ M:!!(8$D8:-1$5H@4@: MDEND?9XZ*>!.(=U5.<0UC9[G]>*H'@0 M2%9H#H=SL\B%H[@02L>*")&+!5&+!`$%Q^4\^#40\)882``&+-AK?^)V">$% MTF@04X""#V`!)N(T\<8H!20D6;94$%!>$G%T!(%YXA:%/9=G`G@0,7=H2*=M MW`9U84`"XD9N2E9_1@>+248"/L!X_P=K2==S4*>.`;D0+G>$^XB/_[B.;-A5 M7W45T640AW4J5M*,D)9Q%*$$FE1]:[1CG+0J!01FB6(N#5`!@!@1HK=S269Y M*6F/^AAS62C^$-:FB3W79^N'!:](>@IY$"D9>Z_&D`/ADB\9!JM'AB\)93O7 M!#Z0`U?7=02!D[A7?T*ICP01`P_Y$@AE$"FG9GW88'_X@CW@!%E@+%\0!3"@ M?:L"-89!6I["1P91!!E@)A6')"5@.AA!@$;IA`"@=0YWE$BWDO"W@0)1>6&` M>:'X?TW)>PB!EP-!<`;1ER^Y9.4'F?KX4P)D`4A!8GY;90)BT@7!IJ$ M=C.H.P=A`_9!FOBQ`5DP6JK9`&GC'ZIY'VIY$%DP*2ZR`26PFR70`=H'*.&D M0#70),X')3Q`1;/)46\7`Q>0)J_I`!5P`EN4$5L8>U"WA6^8$`[^QVWG]VWT M%P8^$)H$805-N80&49T%D8DYUX8*48;HV!"!)@12L(3:QHGC69[O^1`9L)_\ MV9_[>0&`2`3^.:`7X`%7(`(7,*#_J2U]IP$*^I_361#"!!<`$B\HL*54:BQ>>J5K08E#H78)\05*8`,K(`(E``,E$AUAV@58BA!= M^J4A08X&H6T*N(MA\&K^2(KR:'Z(AF3^ZUAJ.=!GWY:=%)@0>%J`#]=Y:U@0 MF/=R\NBG!S&I27H0AP8`EJ>H36:I!H&I,^)WM]86ZQ0N/3F>?I9J3)B*UKF7 MZ3=YD>IRF`>I"BF,J.:J>:I^!9IAD6F>$MJ=S3!J,HSBL M!A%H]GD:(V0@G=(H&G"2-,*8`^%PT\:)UG:H9FB/0!EH/G".F\J4IF>L_@>` ML+J8[8H0C2J3B/9^4B"NK?>N\SBOX0J"C4EZWX8%29"3Z;J7Z^IP6O>M]&JO M-$($)Y`!VI>:(9,F1'$#Q^@KZ-FK@#D04#EH4-AX4`:%%+AM/@>+/4H0%[NK MG+BQ@K9^[CEF@3D995#(!2\+9>TWLK.WCBH+LYHB'4B@`ROP`<$&`1N0`F$) M-D*JDMG)=39WF.OIB4^'K*HG!'W)CTR;GH_*J(':>F$G!*&(I%6WM54KM4V' 7<#!J!6*K9#[`M$HK=E6+8F[KM@$!`#L_ ` end
-----END PRIVACY-ENHANCED MESSAGE-----