debt
confidence high
sentiment neutral
materiality 0.55
Church & Dwight issues $400M 2.300% Senior Notes due 2031 for TheraBreath acquisition
CHURCH & DWIGHT CO INC /DE/
- Underwriting agreement with BofA Securities, Scotia Capital, Truist Securities, Wells Fargo for $400M aggregate principal of 2.300% Senior Notes due 2031.
- Proceeds will fund the recently announced acquisition of the TheraBreath brand.
- Notes will be redeemed if TheraBreath acquisition is not consummated by April 23, 2022, or if agreement is terminated.
- Closing of the notes offering is expected on December 10, 2021.