Irish birth-control pill maker, Warner Chilcott, is planning to raise $3.25 billion through loans to refinance bank debt, Bloomberg reports. 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 Bank and UBS are arranging the loans.
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