LQD Issues $25B Notes
LQD confirms $25 billion inaugural senior unsecured notes offering, expected to settle June 26th
Offering includes $7.0B of 5.350% Senior Notes due 2031, $6.0B of 5.650% Senior Notes due 2033, $6.0B of 5.875% Senior Notes due 2036, $2.5B of 6.600% Senior Notes due 2046 and $3.5B of 6.650% Senior Notes due 2056. - - Net proceeds will be used to repay outstanding borrowings under its bridge loan facility in full, pay related fees and expenses, and any remaining amount for general corporate purposes.