Pernod Ricard has raised $1 billion in a sale of senior notes in the 144a private placement market, The Wall Street Journal reports. The company intends to use the net proceeds to repay a portion of its U.S. dollar-denominated syndicated loan.
The French producer of distilled beverages appointed Goldman Sachs, Bank of America Merrill Lynch, BNP Paribas and JP Morgan as the active bookrunning managers. The notes carry a coupon rate of 5.75%, and are scheduled to mature on April 7, 2021.
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