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Published on 5/2/2017 in the Prospect News Investment Grade Daily.

Unilever Capital plans offering of senior notes in four tranches

By Devika Patel

Knoxville, Tenn., May 2 – Unilever Capital Corp. intends to sell senior notes in four tranches, according to a 424B3 filed with the Securities and Exchange Commission.

The notes are guaranteed unconditionally by Unilever NV, Unilever plc and Unilever United States, Inc.

The notes will be sold in fixed-rate tranches due in 2020, 2022, in 2024 and in 2027.

The 2022 notes are callable at the greater of a make-whole call and a par call. The other notes will feature a make-whole call and then a par call.

Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used for Unilever's previously announced share buy-back program and for general corporate purposes.

The U.S. office of the Dutch and English consumer goods company is based in Englewood Cliffs, N.J.


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