Haleon PLC Announces Redemption of US$300,000,000 Outstanding Notes
Haleon plc announced the redemption of its total outstanding $300 million Callable Floating Rate Senior Notes due 2024 by its subsidiary, GSK Consumer Healthcare Capital US LLC. The redemption is set for March 24, 2023, at a price equal to 100% of the principal amount plus any accrued interest. All noteholders will receive a notice of redemption from the trustee, Deutsche Bank Trust Company Americas, and the notes must be surrendered to collect the redemption price. This move underlines Haleon's financial strategy as it manages its debt obligations.
- Successful redemption of $300 million debt enhances financial stability.
- Redemption date set for March 24, 2023, providing certainty for investors.
- None.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
LONDON, UK / ACCESSWIRE / March 2, 2023 / Haleon plc ("Haleon") (LSE:HLN)(NYSE:HLN) today announced that its wholly-owned subsidiary GSK Consumer Healthcare Capital US LLC (the "Issuer") is exercising its option to redeem the total outstanding aggregate principal amount of its Callable Floating Rate Senior Notes due 2024 (the "Notes") on March 24, 2023 (the "Redemption Date").
Pursuant to the terms of the indenture, dated as of March 24, 2022, among the Issuer, Haleon and Deutsche Bank Trust Company Americas (the "Trustee"), as trustee (the "Indenture"), the Issuer will redeem the Notes at a redemption price (the "Redemption Price") equal to
The Issuer has instructed the Trustee to distribute a notice of redemption to all holders of the Notes. The Notes must be surrendered to the Trustee to collect the Redemption Price pursuant to the notice of redemption.
The paying agent for the Notes is Deutsche Bank Trust Company Americas, c/o DB Services Americas, Inc., 5022 Gate Parkway Suite 200, MS JCK01-0218, Jacksonville, FL 32256.
Details of the Notes are below:
Title of the Notes | Registered CUSIP Number | Rule 144A CUSIP Number | Regulation S CUSIP Number |
Callable Floating Rate Senior Notes due 2024 | 36264F AJ0 | 36264G AB5 | U0396G AB9 |
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SOURCE: Haleon PLC
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FAQ
What did Haleon announce on March 2, 2023 regarding its notes?
What is the impact of Haleon's note redemption on investors?
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When must noteholders surrender their notes for redemption?
