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Visa intends to price senior notes due 2027, 2030 and 2040
By Rebecca Melvin
New York, March 31 – Visa Inc. intends to offer senior notes in three tranches, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be due in 2027, 2030 and 2040.
The 2022 notes feature a make-whole call until two months prior to maturity and then a par call. The 2027 notes feature a make-whole call until three months prior to maturity and then a par call. The 2047 notes feature a make-whole call until six months prior to maturity and then a par call.
BofA Securities Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC are the joint bookrunners.
Proceeds will be used for general corporate purposes.
San Francisco’s Visa operates a retail electronic payments network.
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