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Published on 6/16/2020 in the Prospect News Investment Grade Daily.

Perrigo to price guaranteed senior notes via three bookrunners

By Devika Patel

Knoxville, Tenn., June 16 – Perrigo Finance Unlimited Co. plans to offer guaranteed senior notes (Baa3), according to a 424B5 filing with the Securities and Exchange Commission.

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

BofA Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

The notes will be guaranteed by Perrigo Co. plc.

Proceeds will be used for the redemption of the company’s 3.5% senior notes due March 15, 2021 and its 3.5% senior notes due Dec. 15, 2021 and for general corporate purposes, including additional debt repayments or redemptions.

The health care company and maker of generic and over-the-counter pharmaceuticals is based in Allegan, Mich.


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