E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers C > Headlines for Colgate-Palmolive Co. > News item
Published on 10/30/2013 in the Prospect News Investment Grade Daily.

New Issue: Colgate-Palmolive sells $81.99 million 40-year floaters at Libor minus 30 bps

By Aleesia Forni

Virginia Beach, Oct. 30 - Colgate-Palmolive Co. sold $81,989,000 of medium-term floating-rate notes, series H, due 2053 at par to yield Libor minus 30 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes are callable beginning Nov. 6, 2043 at 105 and annually thereafter at 104.5, 104, 103.5, 103, 102.5, 102, 101.5 and 101; then on Nov. 6, 2052 and thereafter the notes are callable at 100.5.

The notes are putable on each Nov. 6 from 2014 to 2018 at 98, then on each Nov. 6 from 2019 to 2023 at 99, and then on Nov. 6, 2024 and each Nov. 6 of each third year thereafter at 100.

Proceeds will be used for general corporate purposes, including the retirement of commercial paper.

UBS Securities LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch and Wells Fargo Securities, LLC were the joint bookrunners.

Colgate-Palmolive is a New York City-based consumer products company.

Issuer:Colgate-Palmolive Co.
Amount:$81,989,000
Description:Floating-rate notes
Maturity:Nov. 6, 2053
Bookrunners:UBS Securities LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, Wells Fargo Securities LLC
Coupon:Libor minus 30 bps
Price:Par
Yield:Libor minus 30 bps
Call option:Beginning Nov. 6, 2043 at 105 and annually thereafter at 104.5, 104, 103.5, 103, 102.5, 102, 101.5 and 101, then on Nov. 6, 2052 and thereafter at 100.5
Put option:On each Nov. 6 from 2014 to 2018 at 98, then on each Nov. 6 from 2019 to 2023 at 99, then on Nov. 6, 2024 and each Nov. 6 of each third year thereafter at 100
Trade date:Oct. 30
Settlement date:Nov. 6

© 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.