Unilever Capital to sell fixed-rate notes due 2024, 2031 and 2051; price talk emerges

By Devika Patel and Cristal Cody

Knoxville, Tenn., Aug. 9 – Unilever Capital Corp. will price fixed-rate senior notes in three tranches due Aug. 12 of 2024, 2031 and 2051, according to a 424B3 filed with the Securities and Exchange Commission and a market source.

Price talk on the 2024 notes is in the Treasuries plus 45 basis points to 50 bps area. The notes due 2031 are talked to yield in the 70 bps area over Treasuries, and the notes due 2051 are talked in the 90 bps area over Treasuries.

The notes feature a make-whole call and then a par call.

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

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Mizuho Securities USA Inc. are the bookrunners.

Proceeds will be used 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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