Haleon plc announced the pricing terms, expiration, and results of its cash tender offer to buy back any and all of its outstanding $1,999,350,000 3.375% Fixed Rate Senior Notes due March 2027. The offer, made by wholly owned subsidiary Haleon US Capital LLC, expired at 5:00 p.m. New York City time on August 18, 2026, with $1,342,272,000 principal amount tendered. Holders of accepted notes will receive total consideration of $996.23 per $1,000 principal amount, plus accrued interest, with settlement expected on August 21, 2026, subject to the successful completion of a new USD-denominated senior fixed rate notes offering. The tender offer is conditioned upon the satisfaction of the New Notes Condition, which the company expects to be met on August 21, 2026.
Haleon PLCHaleon repurchases notes at a discount, reducing debt but using cash and potentially incurring costs.
Subsidiary conducts tender offer, impacting its financial position.
