Perrigo eyes $1.6 billion of notes in three parts for Monday pricing

By Aleesia Forni

Virginia Beach, Nov. 24 – Perrigo Finance plc is planning a $1.6 billion sale of senior notes for Monday’s session, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The sale includes seven-, 10- and 30-year tranches of notes.

The bonds feature a change-of-control put at 101%.

The bookrunners are J.P. Morgan Securities LLC, Barclays, BofA Merrill Lynch, HSBC Securities (USA) Inc. and Wells Fargo Securities LLC.

Proceeds will be used for general corporate purposes.

The notes will be fully and unconditionally guaranteed by Perrigo Co. plc.

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

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