By Lisa Kerner
Charlotte, N.C., Dec. 11 – Dentsply International Inc. agreed to sell CHF 295.5 million and €289 million of senior notes in a private placement with institutional investors at a weighted average interest rate of 1.69%.
The notes will be issued on three closing dates, according to a news release.
The first closing occurred on Dec. 11 for the following:
• CHF 25 million of 0.86% series A notes due 2025;
• €30 million of 2.05% series B notes due 2025;
• €67 million of 2.05% series C notes due 2025;
• CHF 7.5 million of 1.02% series D notes due 2027; and
• €15 million of 2.24% series E notes due 2027.
The second closing date is expected to occur on Feb. 19 for the following:
• €11 million of 2.05% series F notes due 2026;
• €15 million of 2.05% series G notes due 2026; and
• €45 million of 2.45% series H notes due 2031.
The third closing date is expected to occur on Aug. 15, 2016 for the following:
• CHF 58 million 1.01% series I notes due 2026;
• €40 million of 2.25% series J notes due 2026;
• €66 million of 2.25% series K notes due 2026;
• CHF 140 million of 1.17% series L notes due 2028; and
• CHF 65 million of 1.33% series M notes due 2031.
Dentsply is a York, Pa.-based manufacturer and distributor of dental and other consumable medical device products.
| Issuer: | Dentsply International Inc.
|
| Issue: | Senior notes
|
| Amount: | CHF 295.5 million, €289 million
|
| Distribution: | Private placement
|
|
|
| Series A notes
|
| Amount: | CHF 25 million
|
| Maturity: | Dec. 11, 2025
|
| Coupon: | 0.86%
|
| Settlement date: | Dec. 11
|
|
|
| Series B notes
|
| Amount: | €30 million
|
| Maturity: | Dec. 11, 2025
|
| Coupon: | 2.05%
|
| Settlement date: | Dec. 11
|
|
|
| Series C notes
|
| Amount: | €67 million
|
| Maturity: | Dec. 11, 2025
|
| Coupon: | 2.05%
|
| Settlement date: | Dec. 11
|
|
|
| Series D notes
|
| Amount: | CHF 7.5 million
|
| Maturity: | Dec. 11, 2027
|
| Coupon: | 1.02%
|
| Settlement date: | Dec. 11
|
|
|
| Series E notes
|
| Amount: | €15 million
|
| Maturity: | Dec. 11, 2027
|
| Coupon: | 2.24%
|
| Settlement date: | Dec. 11
|
|
|
| Series F notes
|
| Amount: | €11 million
|
| Maturity: | Dec. 11, 2027
|
| Coupon: | 2.05%
|
| Settlement date: | Feb. 16
|
|
|
| Series G notes
|
| Amount: | €15 million
|
| Maturity: | Feb. 19, 2026
|
| Coupon: | 2.05%
|
| Settlement date: | Feb. 16
|
|
|
| Series H notes
|
| Amount: | €45 million
|
| Maturity: | Feb. 19, 2031
|
| Coupon: | 2.45%
|
| Settlement date: | Feb. 16
|
|
|
| Series I notes
|
| Amount: | CHF 58 million
|
| Maturity: | Aug. 15, 2026
|
| Coupon: | 1.01%
|
| Settlement date: | Aug. 15, 2016
|
|
|
| Series J notes
|
| Amount: | €40 million
|
| Maturity: | Aug. 15, 2026
|
| Coupon: | 2.25%
|
| Settlement date: | Aug. 15, 2016
|
|
|
| Series K notes
|
| Amount: | €66 million
|
| Maturity: | Aug. 15, 2026
|
| Coupon: | 2.25%
|
| Settlement date: | Aug. 15, 2016
|
|
|
| Series L notes
|
| Amount: | CHF 140 million
|
| Maturity: | Aug. 15, 2028
|
| Coupon: | 1.17%
|
| Settlement date: | Aug. 15, 2016
|
|
|
| Series M notes
|
| Amount: | CHF 65 million
|
| Maturity: | Aug. 5, 2031
|
| Coupon: | 1.33%
|
| Settlement date: | Aug. 15, 2016
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
