Chicago, Sept. 15 – Almirall, SA priced an upsized €300 million of 2 1/8% five-year senior notes (Ba3/BB-) on Wednesday, according to multiple notices.
The Rule 144A and Regulation S offer was initially planned with a €250 million size.
The notes have two years of call protection.
Proceeds will be used to repay the €250 million of ¼% notes due in December at their maturity, and for general corporate purposes.
The notes will be listed on the Luxembourg Stock Exchange.
J.P. Morgan AG, BNP Paribas, BBVA, BofA Securities, Caixabank and Santander are the bookrunners.
Almirall is a Barcelona, Spain-based pharmaceutical firm.
| Issuer: | Almirall, SA
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| Issue: | Senior notes
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| Amount: | €300 million
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| Maturity: | 2026
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| Bookrunners: | J.P. Morgan AG, BNP Paribas, BBVA, BofA Securities, Caixabank and Santander
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| Coupon: | 2 1/8%
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| Call features: | Two years of call protection
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| Trade date: | Sept. 15
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| Settlement date: | Sept. 22
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| Ratings: | Moody’s: Ba3
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| S&P: BB-
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| Distribution: | Rule 144A and Regulation S
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