LQD Prices $500M Notes
LQD prices $500M of 6.875% Senior Notes due 2034 at par to fund purchase of 6.000% Senior Notes due 2028 and general corporate purposes
Offering is expected to close on Jul.
6th, subject to customary closing conditions; notes mature on Jul.
15th, 2034. - Net proceeds, with cash on hand if needed, are intended to fund purchase of 6.000% Senior Notes due 2028 tendered and accepted in the concurrent cash tender offer, with any remaining proceeds for general corporate purposes.