Summary
Johnson & Johnson (JNJ) announced the successful completion of a significant debt offering on August 17, 2010. The company issued and sold an aggregate of $1.1 billion in senior notes, divided equally between $550 million of 2.95% Notes due 2020 and $550 million of 4.50% Notes due 2040. This offering was conducted under the company's existing Form S-3 registration statement. The primary purpose of this filing is to report the details of this debt issuance. The offering was underwritten and priced on August 12, 2010, with the closing of the sale occurring just a few days later. The proceeds from this debt offering will provide Johnson & Johnson with additional capital, likely for general corporate purposes, investments, or to manage its existing debt structure.
Key Highlights
- 1Johnson & Johnson completed a public offering of $1.1 billion in senior notes.
- 2The offering comprised two tranches: $550 million of 2.95% Notes due 2020 and $550 million of 4.50% Notes due 2040.
- 3The debt issuance closed on August 17, 2010.
- 4The offering was conducted under Johnson & Johnson's effective Form S-3 registration statement.
- 5The filing includes an order establishing the terms of the Notes and a legal opinion.
- 6The event date for the significant actions related to this offering was August 11, 2010.