Prestige Consumer Healthcare Inc.
660 White Plains Road – Ste 250
Tarrytown, NY 10591
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|Prestige Brands Holdings, Inc. Announces Successful Repricing of Term Loan Facility and Pricing of Add-On Offering of Senior Notes due 2024|
Separately, the Company closed a repricing of its term loan facility. Following the closing, the margin will be reduced by 50 basis points on the loan. The Company expects the repricing and add-on bond offering in aggregate to have an immaterial EPS impact to its fiscal 2019.
Senior Notes Issuance Details
The New Notes being offered will be issued as additional notes under the Indenture dated
The New Notes were priced at 101.0% of their face value. The New Notes will be senior unsecured obligations of
The New Notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) or, outside
The Company markets and distributes brand name over-the-counter healthcare and household cleaning products throughout the U.S. and
Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" generally can be identified by the use of forward-looking terminology such as "assumptions," "target," "guidance," “strategy,” "outlook," "plans," "projection," "may," "will," "would," "expect," "intend," "estimate," "anticipate," "believe”, "potential," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology. The "forward-looking statements" include, without limitation, statements regarding the Company's expectations regarding the offering of the New Notes. These statements are based on management's estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those expected as a result of a variety of factors, including general economic and business conditions. A discussion of other factors that could cause results to vary is included in the Company's Annual Report on Form 10-K for the year ended
6201 15th Avenue
Brooklyn, NY 11219
Telephone: (800) 937-5449
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