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Warner Chilcott To Raise $3.25B Loans
Irish birth-control pill maker, Warner Chilcott, is planning to raise $3.25 billion through loans to refinance bank debt.
Irish birth-control pill maker,Warner Chilcott, is planning to raise $3.25 billion through loans to refinance bank debt,Bloombergreports. The company is seeking a $750 million term loan A and a $250 million revolving credit line, both maturing in five years.
The company is also seeking a $2.25 billion term loan B due in seven years.Bank of America,JPMorgan Chase,Goldman Sachs,Morgan Stanley,Citigroup,Credit Suisse,Deutsche BankandUBSare arranging the loans.
Click here for the story fromBloomberg.