Perrigo adds $300M incremental term loans, tenders $300M 2024 notes

PERRIGO Co plc

Incremental Term B Loans of $300M added under existing credit agreement, maturing April 20, 2029.
Proceeds used to settle cash tender offer of $300M of 3.900% Senior Notes due 2024.
Tender offer accepted $300M notes on Dec 15, 2023, paying ~$295.1M plus accrued interest.
Terms of incremental loans substantially identical to existing 2022 Term B Loans.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PERRIGO Co plc amended Amendment No. 1 and Incremental Assumption Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $300.0 million (effective 2023-12-15).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Value: $300.0 million
Effective: 2023-12-15

Exact text from the filing

On December 15, 2023, Perrigo Investments, LLC (the “ Borrower ”), Perrigo Company plc (the “ Company ”), the guarantors party thereto, each lender party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “ Administrative Agent ”), entered into Amendment No. 1 and Incremental Assumption Agreement

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PERRIGO Co plc filing history →

Source: SEC EDGAR

accession 0001193125-23-296684

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