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Colgate-Palmolive Raises $500M In Debt
Colgate-Palmolive has raised $500 million in a two part debt offering.
Colgate-Palmolivehas raised $500 million in a two part debt offering,The Wall Street Journalreports. The $250 million notes sold in the first tranche carry a coupon rate of 1.25% and are due to mature on May 1, 2014. The $250 million notes sold in the second tranche carry a coupon rate of 2.625% and are due to mature on May 1, 2017.
Citigroup,Deutsche BankandHSBCserved as the active joint bookrunning managers for the three-year notes. Citigroup,Bank of America Merrill LynchandJP Morganwere the active joint bookrunning managers for the six-year notes.Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.