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International Flavors & Fragrances intends to price offering of notes
By Devika Patel
Knoxville, Tenn., May 15 – International Flavors & Fragrances Inc. plans to sell senior notes, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.
Proceeds will be used to repay at maturity the company’s $250 million 6.25% series A senior notes due Sept. 27, 2017, to repay borrowings under its revolving credit facility, to repay debt under its commercial paper program and for general corporate purposes.
The maker of flavor and fragrances for food and consumer products is based in New York.
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