DUBLIN , Sept. 17, 2024 /PRNewswire/ -- Perrigo Company plc ("Perrigo" or the "Company") (NYSE: PRGO ) today announced the closing of a registered public offering by Perrigo Finance Unlimited Company, an indirect wholly-owned finance subsidiary of Perrigo (the "Issuer"), of $715 million aggregate principal amount of the Issuer's 6.125% Senior Notes due 2032 (the "USD Notes") and €350 million aggregate principal amount of the Issuer's 5.
375% Senior Notes due 2032 (the "Euro Notes" and together with the USD Notes, the "Notes"). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Perrigo and its subsidiaries that provide guarantees under Perrigo's credit facilities. Perrigo estimates that the total net proceeds of the offering will be approximately $1,076 million , after underwriting fees and offering expenses payable by the Issuer.
Perrigo intends to use the net proceeds of the Notes offering to fund the redemption of all of the Issuer's 4.375% Senior Notes Due 2026 (the "2026 Notes") and prepay a portion of the Term B Loans outstanding under Perrigo's credit facilities and to pay fees and expenses in connection with the foregoing. BofA Securities, J.
P. Morgan, Wells Fargo Securities, Morgan Stanley and HSBC are the joint book-running managers for the USD Notes. BofA Securities, HSBC and J.
P. Morgan are the active joint book-running managers for the Euro Notes. The offering is being made pursuant to an effective shelf registration statement f.