Perrigo plans to pay down 364-day, five-year revolvers via new notes

By Marisa Wong

Morgantown, W.Va., March 7 – Perrigo Co. plc intends to repay amounts borrowed under its 364-day senior unsecured revolving credit facility and its five-year senior unsecured revolving credit facility using proceeds from an offering of senior notes announced on Monday, according to an 8-K filing with the Securities and Exchange Commission.

HSBC Bank USA, NA is the administrative agent for the 364-day revolver, with Bank of America, NA and Morgan Stanley Senior Funding, Inc. as syndication agents. JPMorgan Chase Bank, NA is the administrative agent for the five-year revolver, with Barclays Bank plc as the syndication agent.

Remaining funds from the notes offering will be used for general corporate purposes.

The health care company and maker of generic and over-the-counter pharmaceuticals is based in Allegan, Mich.

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