Prestige Consumer Healthcare unit issues USD 400 million of 6.25% senior notes due 2034
PBH•Guarantees, redemption terms and covenants
The notes are senior unsecured obligations guaranteed on a senior unsecured basis by the parent and certain domestic restricted subsidiaries.
They are callable from July 15, 2029. Earlier redemptions are permitted with a make-whole premium, and a change of control triggers a 101% repurchase offer.
The indenture includes debt and restricted-payment limits, and customary default triggers include missed payments and certain insolvency events.
Prestige Brands prices $400 million senior notes
Prestige Consumer Healthcare’s unit Prestige Brands priced USD 400 million of 6.250% senior notes due 2034 under a July 15, 2026 indenture.
Interest is payable on Jan. 15 and July 15, starting Jan. 15, 2027. The notes mature on July 15, 2034.
