USA: Unilever to Issue EUR 7 Billion in Debt for Proposed Bestfoods Merger
Unilever proposes to raise EUR 7 billion in debt in relation to its agreement to merge with Bestfoods. Unilever is considering Floating Rate Notes (FRNs) with maturities of between 12 and 18 months. The mix of currencies and maturity dates will reflect Unilever's financing needs and investor demand. The debt will have the combined credit strength of both Unilever N.V. and Unilever PLC, but the individual issuer will either be Unilever N.V., Unilever PLC or Unilever Capital Corporation, depending on the currency of the issue. The securities offered will not be or have not been registered under the Securities Act 1933 of the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
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