Zoetis eyes two-tranche sale of notes to repay 1.875% notes due 2018

By Devika Patel

Knoxville, Tenn., Sept. 5 – Zoetis Inc. intends to offer fixed-rate senior notes in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will have a make-whole call initially, then a par call.

Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG, BNP Paribas Securities Corp., Goldman Sachs & Co., HSBC Securities (USA) Inc. and TD Securities (USA) LLC are the bookrunners.

Proceeds will be used to repay, prior to maturity, the company’s $750 million of 1.875% senior notes due 2018 and for general corporate purposes.

The real estate investment trust for housing and health care properties is based in Chicago.

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