Reckitt Benckiser may need to refinance Mead Johnson bonds for buyout

By Susanna Moon

Chicago, Feb. 10 – Reckitt Benckiser Group plc may obtain $3 billion of bridge financing to refinance bonds issued by Mead Johnson Nutrition Co. related to the planned merger.

The company will refinance Mead Johnson bonds if required, according to a company announcement.

Reckitt Benckiser also plans to secure $8 billion of bridge loans to cover the cash costs related to its planned acquisition of Mead Johnson for $16.6 billion.

Reckitt Benckiser is a household cleaning, health and personal care company based in Slough, England.

Mead Johnson is a Glenview, Ill.-based pediatric nutrition company.

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