debt
confidence high
sentiment neutral
materiality 0.60
Prestige Consumer Healthcare subsidiary issues $400M 6.250% senior notes due 2034
Prestige Consumer Healthcare Inc.
- $400M aggregate principal of 6.250% senior notes due July 15, 2034 issued by Prestige Brands, Inc.
- Interest payable semi-annually on Jan 15 and Jul 15, starting Jan 15, 2027.
- Notes are senior unsecured obligations, guaranteed by Prestige Consumer Healthcare and certain subsidiaries.
- Redemption: on/after Jul 15, 2029 at specified prices; prior to that at make-whole premium; up to 40% with equity offering proceeds.
- Change of control triggers offer at 101% of principal plus accrued interest.