New Issue: Colgate-Palmolive details $400 million issue of 2.25% five-year notes

By Devika Patel

Knoxville, Tenn., Oct. 31 – Colgate-Palmolive Co. offered further details about a $400 million sale of 2.25% five-year series H medium-term notes (Aa3/AA-) that priced on Monday at a spread of Treasuries plus 32 basis points, according to an FWP filed with the Securities and Exchange Commission.

The notes priced on the tight side of guidance in the Treasuries plus 35 bps area. The notes were sold at 99.683.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC were the lead agents.

Proceeds will be used for general corporate purposes.

The consumer products company is based in New York City.

Issuer:	Colgate-Palmolive Co.
Amount:	$400 million
Description:	Medium-term notes
Maturity:	Nov. 15, 2022
Agents:	Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC (leads), BNP Paribas Securities Corp., ANZ Securities, Inc., Barclays, BBVA Securities Inc., BNY Mellon Capital Markets LLC, Goldman Sachs & Co., ICBC Standard Bank plc, J.P. Morgan Securities LLC, BofA Merrill Lynch, Mizuho Securities USA Inc., Santander Investment Securities Inc., U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and Williams Capital Group LP
Coupon:	2.25%
Price:	99.683
Spread:	Treasuries plus 32 bps
Call feature:	The greater of a make-whole call at Treasuries plus 5 bps and a par call
Trade date:	Oct. 30
Settlement date:	Nov. 2
Ratings:	Moody’s: Aa3
	S&P: AA-
Distribution:	SEC registered
Price talk:	Treasuries plus 35 bps area

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