Moody's Rates Perrigo's (PRGO) $2.3B Notes Offering at 'Baa3'

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Perrigo (PRGO) Begins Sales of $2.3B in Senior Notes

November 5, 2013 9:17 AM EST

Perrigo Company Limited, a limited company incorporated under the laws of Ireland ("Issuer"), announced that it has commenced an offering of Senior Notes due 2016, Senior Notes due 2018, Senior Notes due 2023 and Senior Notes due 2043, in an aggregate principal amount of $2,300,000,000.

The Issuer intends to use the net proceeds from the offering, together with proceeds from its credit facilities and certain cash, to fund the cash purchase price of the previously announced acquisition (the "Acquisition") by Perrigo Company, a Michigan Corporation ("Perrigo") (NYSE/TASE: PRGO), of Elan Corporation, plc, a public limited company... More