debt
confidence high
sentiment neutral
materiality 0.40
Church & Dwight issues $500M of 5.000% Senior Notes due 2052 to refinance near-term maturities
CHURCH & DWIGHT CO INC /DE/
- Issued $500M aggregate principal of 5.000% Senior Notes due June 15, 2052 in an underwritten public offering.
- Proceeds to repay $300M of 2.45% notes due Aug 1, 2022 and $400M of 2.875% notes due Oct 1, 2022.
- Interest accrues from June 2, 2022, payable semi-annually on June 15 and December 15, starting Dec 15, 2022.
- Notes are redeemable prior to Dec 15, 2051 at make-whole plus 30 bps and thereafter at par.
- Notes are senior unsecured and rank equally with other senior unsecured debt.