Pershing Square Holdings Ltd - London-based investment firm - Reports the pricing of USD700 million senior notes due 2031 at a coupon of 3.250% per annum. In addition, the company prices EUR500 million senior notes due 2027 at a coupon of 1.375% per annum.
The net proceeds from both offerings are expected to be used to fund Pershing Square's tender offer for any and all of its issued and outstanding 5.50% senior notes due 2022 and for general corporate purposes, including to make investments or hold assets.
Current stock price: 2,670.00 pence
Year-to-date change: up 4.1%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Pershing Square Holdings (PSH)