Moody’s rates Alcon Finance notes Baa2

Moody’s Investors Service said it assigned Baa2 ratings to Alcon Finance Corp.’s new senior notes, to be offered in three tranches totaling $2 billion.

The company will sell $500 million of notes due 2026, $1 billion of notes due 2029 and $500 million of notes due 2049.

The notes will be guaranteed by parent Alcon Inc. and carry its Baa2 rating.

Proceeds will be used to refinance the $1.5 billion bridge-to-bond senior unsecured term loan and the $500 million senior unsecured term loan A of Alcon Finance, which were put in place at the time of the spinoff from Novartis AG.

The outlook is stable.

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