Published on 6/26/2019 in the Prospect News Private Placement Daily.
New Issue: Dentsply Sirona lines up ¥12.55 billion placement of 0.99% notes due 2031
By Wendy Van Sickle
Columbus, Ohio, June 26 – Dentsply Sirona Inc. entered into a purchase agreement to sell ¥12,552,500,000 of series W 0.99% senior notes due Sept. 25, 2031, in a private placement on Thursday, according to an 8-K filed with the Securities and Exchange Commission.
Proceeds will be used to refinance existing indebtedness and for general corporate purposes.
The company may redeem the notes at a make-whole amount, and holders will have the option to put the notes following a change of control.
Dentsply is a York, Pa., dental products manufacturer.
| Issuer: | Dentsply Sirona Inc.
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| Issue: | Senior notes, series W
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| Amount: | ¥12,552,500,000
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| Maturity: | Sept. 25, 2031
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| Coupon: | 0.99%
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| Call option: | Make-whole call
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| Put: | Following change of control
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| Settlement date: | Sept. 25
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| Distribution: | Private placement
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