Colgate-Palmolive to offer senior notes in three tranches

By William Gullotti

Buffalo, N.Y., Aug. 1 – Colgate-Palmolive Co. intends to price a three-part offering of senior notes via five bookrunners, according to a 424B2 filing with the Securities and Exchange Commission.

Each tranche will feature a make-whole call followed by a par call.

Barclays, BofA Securities, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc. are the joint bookrunning managers for the offering.

Bank of New York Mellon is the trustee.

Hogan Lovells US LLP is counsel to the issuer with Mayer Brown LLP advising the underwriters.

Proceeds will be used for general corporate purposes, which include the retirement of commercial paper. As of June 30, the company’s outstanding commercial paper had a weighted average interest rate of 0.38% with maturities ranging from one day to 28 days.

The consumer products company is based in New York City.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.