Pfizer to conduct offering of fixed-rate notes in four tranches

By Devika Patel

Knoxville, Tenn., May 18 – Pfizer Inc. intends to offer fixed-rate notes in four tranches, according to a 424B3 filing with the Securities and Exchange Commission.

The company will sell notes due 2025, 2030, 2040 and 2050.

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

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

Proceeds will be used for general corporate purposes, including to refinance, redeem or repurchase existing debt and repay commercial paper.

The biopharmaceutical company is based in Foster City, Calif.

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