debt
confidence high
sentiment neutral
materiality 0.55
Zoetis issues $1.85B in senior notes: $850M at 4.150% due 2028, $1B at 5.000% due 2035
Zoetis Inc.
- Issued $850M 4.150% Senior Notes due 2028 and $1B 5.000% Senior Notes due 2035.
- Notes issued under existing indenture with Deutsche Bank Trust Company Americas as trustee.
- Underwriters include Barclays, BofA, Citigroup, J.P. Morgan, and MUFG Securities.
- Offering registered on Form S-3; no specific use of proceeds disclosed in the 8-K.
- Debt issuance increases total long-term debt by $1.85B; interest expense will rise.