Corning (GLW -2.2%) has joined the corporate debt refinancing party. Using a $250M offering of...

|About: Corning Inc. (GLW)|By:, SA News Editor

Corning (GLW -2.2%) has joined the corporate debt refinancing party. Using a $250M offering of 1.45% senior notes due Nov. '17, the glassmaker has made a tender offer to buy back $75M in 6.75% and 8.875% notes, and plans to spend $174M to redeem 5.9% and 6.2% notes. Corning had $3.4B in debt as of Sep. 30.