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S&P assigns A- to CSL notes
S&P said it assigned its A- issue rating to the $4 billion senior notes guaranteed by CSL Ltd. (CSL). The notes will be issued by CSL Finance plc, a financing subsidiary of CSL.
The issue rating is in line with the long-term issuer credit rating on the company (A-/negative/A-2).
The notes have been structured in six separate tranches as follows: $500 million 3.85% five-year notes; $500 million 4.05% seven-year notes; $1 billion 4.25% 10-year notes; $500 million 4.625% 20-year notes; $1 billion 4.75% 30-year notes; and $500 million 4.95% 40-year notes.
The proceeds from the issuance will be utilized for general corporate purposes and to part fund the acquisition of Switzerland-based specialty pharmaceutical group Vifor Pharma AG.
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