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Stock impact report

Prestige Consumer Healthcare Inc. Announces Pricing of $400 Million Senior Notes

Prestige Consumer Healthcare Inc. (PBH) 
Last prestige consumer healthcare inc. earnings: 2/6 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.prestigebrands.com
Company Research Source: GlobeNewswire
TARRYTOWN, N.Y., Nov. 15, 2019 (GLOBE NEWSWIRE) -- Prestige Consumer Healthcare Inc. (NYSE: PBH) (the “Company”) announced today that its wholly-owned subsidiary, Prestige Brands, Inc. (“Prestige Brands”), has priced an offering of $400.0 million in aggregate principal amount of 5.125% senior notes due 2028 (the “notes”) in a private offering. The sale of the notes is expected to be completed on or about December 2, 2019, subject to customary closing conditions. The notes will be senior unsecured obligations of Prestige Brands and will be guaranteed by the Company and certain of its domestic subsidiaries. The Company intends to use the net proceeds from the offering, together with cash on hand, to redeem all $400 million of Prestige Brands’ outstanding 5.375% Senior Notes due 2021, and to pay related fees and expenses. The notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Show less Read more
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