International Flavors & Fragrances (IFF) said Friday it started tender offers to purchase in cash some of its outstanding series of notes for up to $1.8 billion.
A maximum of $1 billion will be allotted to purchase notes in the first pool, which consists of 1.230% senior notes due 2025, 1.832% senior notes due 2027, 2.300% senior notes due 2030, and 4.450% senior notes due 2028, the company said.
For the second pool, a maximum of $800 million will be allotted to purchase 3.468% senior notes due 2050, 3.268% senior notes due 2040, 4.375% senior notes due 2047, and 5.000% senior notes due 2048.
The tender offers will expire at 5:00 p.m., New York City time, on June 2, the company said.
International Flavors said it intends to fund the purchase with the cash proceeds from the sale of its Pharma Solutions business, which closed Thursday.
Price: 78.35, Change: +0.50, Percent Change: +0.64
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。