Reckitt Benckiser Prices $7.75 Billion Multi-tranche Senior Notes Offering

By Razak Musah Baba Features Dow Jones Newswires

Reckitt Benckiser Group PLC (RB.LN) priced a $7.75 billion four-tranche senior notes offering to help refinance debt facilities on Thursday.

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The notes, offered by the consumer-goods giant's Reckitt Benckiser Treasury Services PLC subsidiary, consist of $750 million in floating-rate senior notes due 2022, $2.5 billion fixed-rate senior notes due 2022, $2 billion fixed-rate senior notes due 2024 and $2.5 billion fixed-rate senior notes due 2027.

The floating-rate notes, the 2022 fixed rate notes, the 2024 fixed rate notes and the 2027 fixed rate notes were offered at a price of 100.000%, 99.906%, 99.892% and 99.700%, respectively.

Reckitt said the net proceeds of the notes would be used to refinance debt facilities used to finance the acquisition of Mead Johnson Nutrition Company.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

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June 22, 2017 02:38 ET (06:38 GMT)