Warner Chilcott to start roadshow Wednesday for $750 million 10-year notes

By Paul A. Harris

St. Louis, Jan. 4 - Warner Chilcott Corp. will begin a roadshow Wednesday for a $750 million offering of 10-year senior subordinated notes (Caa1/CCC+), according to market sources.

The notes are expected to price during the week of Jan. 10.

Credit Suisse First Boston, Deutsche Bank Securities and JP Morgan will be joint bookrunners for the Rule 144A/Regulation S offering.

The notes will be non-callable for five years.

Proceeds will be used to fund the acquisition of Warner Chilcott plc by DLJ Merchant Banking, JP Morgan Partners, Bain Capital and Thomas H. Lee.

The issuer is a Craigavon, U.K.-based branded pharmaceutical manufacturer and marketer.

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