Perrigo Finance Plc is a debt issuing company. The company was formerly known as Elan Finance plc and changed its name to Perrigo Finance Plc in November 2014. The company was incorporated in 2004 and is based in Dublin, Ireland. The company operates as a subsidiary of Perrigo Company Public Limited Company.
Lower Grand Canal Street
Founded in 2004
353 1 709 4000
353 1 709 4700
Perrigo Finance Plc Announces Closing of the Issuance of $1.6 Billion of Senior Notes Consisting of $500 Million Aggregate Principal Amount of 3.50% Senior Notes Due 2021
Dec 2 14
On December 2, 2014, Perrigo Finance plc announced the closing of the issuance of $1.6 billion of Senior Notes consisting of $500 million aggregate principal amount of 3.50% Senior Notes due 2021 (the 2021 Notes), $700 million aggregate principal amount of 3.90% Senior Notes due 2024 (the 2024 Notes) and $400 million aggregate principal amount of 4.90% Senior Notes due 2044 (the 2044 Notes and, together with the 2021 Notes and the 2024 Notes, the Notes), pursuant to a supplemental indenture, dated as of December 2, 2014, between the Issuer, the company, as the parent guarantor, and Wells Fargo Bank, National Association, as trustee (the First Supplemental Indenture), to an indenture, dated as of December 2, 2014, between the Issuer, the company and Wells Fargo Bank, National Association, as trustee (the Base Indenture, and together with the First Supplemental Indenture, the Indenture). The Issuer will pay interest on the 2021 Notes at 3.50% per annum, on the 2024 Notes at 3.90% per annum and on the 2044 Notes at 4.90% per annum, semiannually commencing on June 15, 2015. The company intends to use the net proceeds of the offering, together with the proceeds of the company's offering of ordinary shares, which closed on November 26, 2014, and other financing sources, to fund the cash consideration for its proposed acquisition (the Acquisition) of Omega Pharma Invest NV (Omega) and to repay or refinance certain indebtedness of the company and/or Omega. If the Acquisition is not consummated for any reason, then the net proceeds of the offering will be used to redeem the Notes at a redemption price of 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest to, but not including, the redemption date.