Haleon Prices $1.34 Billion Tender Offer for 2027 Notes
Investors have tendered $1.34 billion in outstanding 3.375% senior notes due in 2027, Haleon plc announced following the expiration of its cash tender offer. The company confirmed a total consideration of $996.23 per $1,000 principal amount, with settlement expected to occur on August 21, 2026.
The tender offer, managed by Haleon US Capital LLC, targeted the entirety of the $1.99 billion outstanding debt. Holders of the accepted notes will receive the calculated total consideration plus any accrued and unpaid interest up to the settlement date. Once purchased, these securities will be cancelled, effectively reducing the company's existing debt obligations.
Completion of the transaction remains subject to customary conditions, specifically the successful settlement of a concurrent offering of new USD-denominated senior fixed rate notes. Haleon anticipates satisfying this requirement by August 21, aligning the finalization of the debt restructuring with the tender settlement.
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