M&A
confidence high
sentiment neutral
materiality 0.75
Prestige closes LaCorium acquisition for ~$150M, prices $400M notes at 6.25% due 2034
Prestige Consumer Healthcare Inc.
- Completed acquisition of LaCorium Health for ~$150M cash; LaCorium has ~$40M annual revenue, expected ~$12M EBITDA post-synergies.
- Priced $400M senior notes at 6.25% due 2034; proceeds to redeem existing 5.125% notes due 2028.
- Borrowed $95M additional term loans under existing credit agreement to finance part of acquisition.
- Q1 FY2027 earnings results to be released on August 6, 2026, with conference call.