debt
confidence high
sentiment neutral
materiality 0.60
Elanco commences $250M tender offer for 4.272% 2023 notes
Elanco Animal Health Inc
- Commenced cash tender offer to purchase up to $250M principal of 4.272% Senior Notes due 2023.
- Early tender consideration of $1,035 per $1,000 principal includes $30 early tender payment; deadline April 11, 2022.
- Tender offer expires April 25, 2022; Citi acting as sole dealer manager.
- Elanco may exercise early settlement election or increase tender cap if oversubscribed.