DENTSPLY International is selling debt securities worth $1 billion in three parts. The offering comprises $250 of senior notes, due 2013, $300 million of 2.75% senior notes, due 2016, and $450 million of 4.125% senior notes, due 2021.
Morgan Stanley, Citigroup Global Markets, Wells Fargo Securities and Mitsubishi UFJ Securities (USA) are lead underwriters for the offering. The global dental-products supplier aims to utilize the net proceeds of the offering to finance a portion of the $1.785 billion purchase price for the acquisition of the entire issued share capital of Astra Tech.
Click here for the release from Globe Newswire.