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Published on 9/8/2020 in the Prospect News Investment Grade Daily.

Unilever intends to sell senior notes in tranches due 2023 and 2030

Chicago, Sept. 8 – Unilever Capital Corp. is planning an offering of notes in two parts, according to a 424B3 filing with the Securities and Exchange Commission.

The fixed-rate notes will have maturities in 2023 and 2030.

The notes have a make-whole call and a par call.

The notes are guaranteed unconditionally by Unilever NV, Unilever plc and Unilever United States, Inc.

Joint bookrunners for the notes are BofA Securities, Inc., J.P. Morgan Securities LLC, NatWest Markets Securities Inc. and Santander Investment Securities Inc.

Proceeds will be used for general corporate purposes, possibly for acquisitions and to meet maturities of outstanding borrowings, including the redemption of the company’s $550 million 1.375% senior notes due 2021.

The U.S. office of the Dutch and English consumer goods company is based in Englewood Cliffs, N.J.


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