IFF Announces Pricing of $300 Million Senior Notes Offering
NEW YORK -- April 1, 2013
International Flavors & Fragrances Inc. (NYSE: IFF) announced today it has
priced an underwritten public offering of $300 million aggregate principal
amount of 3.20% senior notes due 2023. The offering is expected to close on
April 4, 2013, subject to customary closing conditions. IFF intends to use the
net proceeds from the sale of the notes of the offering for general corporate
purposes, including working capital.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as joint
book-running managers for the offering. The offering of the notes is being
conducted pursuant to an effective shelf registration statement filed with the
Securities and Exchange Commission (the “SEC”), and only by means of a
prospectus supplement and accompanying prospectus, copies of which may be
obtained on the SEC’s website at www.sec.gov or from:
Morgan Stanley & Co. LLC J.P. Morgan Securities LLC
180 Varick Street 383 Madison Avenue
New York, NY 10014 New York, NY 10179
Attn: Prospectus Department Attn: Investment Grade Syndicate Desk
This press release does not constitute an offer to sell, or a solicitation of
an offer to buy, any security, including the notes. No offer, solicitation, or
sale will be made in any jurisdiction in which such an offer, solicitation, or
sale would be unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
Cautionary Statement under the Private Securities Litigation Reform Act of
This press release includes “forward-looking statements” under the Federal
Private Securities Litigation Reform Act of 1995. These statements involve
risks and uncertainties that could cause actual results to differ materially,
including, but not limited to, the satisfaction of customary closing
conditions with respect to the offering of the notes, prevailing market
conditions, and the anticipated use of the proceeds of the offering of the
notes which could change as a result of market conditions or for other
reasons, and corporate considerations and the impact of general economic,
industry or political conditions in the United States or internationally.
Additional risks and uncertainties relating to the offering, IFF and its
business can be found in IFF’s SEC filings, including IFF’s Annual Report on
Form 10-K for the year ended December 31, 2012 filed with the Commission on
February 26, 2013. IFF undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events, or otherwise.
About International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global
creator of flavors and fragrances used in a wide variety of consumer products.
Consumers experience these unique scents and tastes in fine fragrances and
beauty care, detergents and household goods, as well as beverages, sweet goods
and food products. IFF leverages its competitive advantages of consumer
insight, research and development, creative expertise, and customer intimacy
to provide customers with innovative and differentiated product offerings. A
member of the S&P 500 Index, IFF has more than 5,700 employees working in 32
International Flavors & Fragrances Inc.
Shelley Young, 212-708-7271
Director, Investor Relations
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