Unilever eyes fixed-rate notes in two parts, including add-on

By Devika Patel

Knoxville, Tenn., Sept. 3 – Unilever Capital Corp. intends to offer guaranteed fixed-rate notes in two tranches, including an add-on to its 2.6% senior notes (Baa1/BBB+) due May 5, 2024, according to a 424B5 filing with the Securities and Exchange Commission.

The company sold $500 million of the 2.6% notes on May 2, 2017. The notes were priced with a spread of 67 basis points over Treasuries.

The new notes, due in 2029, have a make-whole call and then a par call. The 2.6% notes have a make-whole call at until March 5, 2024 and then a par call.

BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Mizuho Securities USA Inc. are the bookrunners.

The notes are guaranteed unconditionally by Unilever NV, Unilever plc and Unilever United States, Inc.

Proceeds will be for general corporate purposes.

The U.S. office of the Dutch and English consumer goods company is based in Englewood Cliffs, N.J.

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