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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, 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.

Click here for the story from Bloomberg.

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