Perrigo Finance Unlimited Co (PRGO) approx. US$1.1bn equivalent (US$/EUR) 8yNC3 SEC registered sr notes 2-part. Ba3/B+/BB (negative/stable/negative). Off the shelf. List NYSE. Settles 09/17 (T+4).
- US$715m sr notes due 09/30/32 (8y). NC3 (09/30/27) (MWC T+50bp), then at 103.063, 101.531, 100. Equity claw: 3y 40% at 106.125. Via BofA/JPM/WFS/MS/HSBC jt books, ING, BNP, GS, Mizuho, CapOne, Goodbody, Huntington, MUFG, PNC, SocGen as co-managers. CoC at 101. CUSIP: 71429MAD7. IPT: high 6s. Price talk: 6.50% area. Launched at 6.25%. Priced: 6.125% at 100. +258bp vs 2.75% 08/15/32.
- EUR350m (approx. US$388m) sr notes due 09/30/32 (8y). NC3 (09/30/27) (MWC B+50bp), then at 102.688, 101.344, 100. Equity claw: 3y 40% at 105.375. Via BofA (B&D)/HSBC/JPM jt physical books/ING/MS/WFS jt books, BNP, GS, Mizuho, CapOne, Goodbody, Huntington, MUFG, PNC, SocGen as co-managers. CoC at 101. Reg S ISIN: XS2903463987. IPT: High 5s (100bp inside the US$ tranche). Price talk: 5.50% area (+/- 12.5). Launched at 5.375%. Priced: 5.375% at 100.
Roadshow (1-on-1 calls) 09/09-12 (investor call at 10am NYT / 3pm UKT 09/09). Books close at 10am ET / 3pm UK 09/11. (Originally pricing 09/12). UOP: along with $13m of cash on hand, to redeem its 4.375% sr notes due 03/15/26 (MWC T+45bp), repay $403m of tis $1.838bn sr sec term loan B. Biz: a leading provider of quality, affordable self-care products and over -the-counter health and wellness products. HQ: Dublin, Ireland. Netroadshow: https://www.netroadshow.com/ and enter the Entry Code: PRGO24. Replay Stream: https://www.netroadshow.com/events/login?show=6ae7adf8&confId=70808.