By Lisa Kerner
Charlotte, N.C., July 26 – Unilever Capital Corp. priced $1.25 billion of senior notes (A1/A+/A+) in two parts, according to an FWP filing with the Securities and Exchange Commission.
The company priced $550 million of 1.375% five-year notes at 99.204% to yield 1.541%. The notes sold at 40 basis points over Treasuries, on the tight side of guidance.
Unilever priced $700 million of 2% 10-year notes at 99.417 to yield 2.177%. The notes sold with a spread of 60 bps over Treasuries, tighter than talk, according to a market source.
The notes are guaranteed unconditionally by Unilever NV, Unilever plc and Unilever United States, Inc.
Goldman Sachs & Co., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC were the bookrunners.
Proceeds will be used for general corporate purposes.
The U.S. office of the Dutch and English consumer goods company is based in Englewood Cliffs, N.J.
| Issuer: | Unilever Capital Corp.
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| Guarantors: | Unilever NV, Unilever plc and Unilever United States, Inc.
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| Issue: | Senior notes
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| Amount: | $1.25 billion
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| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC
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| Trade date: | July 25
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| Settlement date: | July 28
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| Ratings: | Moody’s: A1
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| S&P: A+
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| Fitch: A+
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| Distribution: | SEC registered
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| Five-year notes
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| Amount: | $550 million
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| Maturity: | July 8, 2021
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| Coupon: | 1.375%
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| Price: | 99.204
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| Yield: | 1.541%
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| Spread: | Treasuries plus 40 bps
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| Price guidance: | Treasuries plus 45 bps area, tightened from Treasuries plus 55 bps area
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| Make-whole call: | Treasuries plus 10 bps
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| 10-year notes
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| Amount: | $700 million
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| Maturity: | July 28, 2026
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| Coupon: | 2%
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| Price: | 98.417
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| Yield: | 2.177%
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| Spread: | Treasuries plus 60 bps
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| Price guidance: | Treasuries plus 65 bps area, tightened from Treasuries plus 75 bps area
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| Make-whole call: | Treasuries plus 10 bps
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