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Reckitt Benckiser Completes $1 Billion Yankee Bond Offering
- Client News
- September 23, 2013
Practices
Paul, Weiss client Reckitt Benckiser Treasury Services plc, a subsidiary of Reckitt Benckiser Group plc, one of the world's leading manufacturers and marketers of branded health, hygiene and home products, completed an offering of $500 million 2.125% senior notes due 2018 and $500 million 3.625% senior notes due 2023. The offering was Reckitt Benckiser's first in the U.S. market. Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. acted as joint bookrunning managers.
The Paul, Weiss team advising Reckitt Benckiser included corporate partner Mark Bergman. Assistance was provided by tax partner David Mayo.