Summary
Zoetis Inc. (ZTS) announced on September 10, 2020, that it has issued a notice of redemption for its entire outstanding principal amount of 3.450% Senior Notes due 2020. The aggregate principal amount of these notes is $500 million. The redemption is scheduled to occur on October 13, 2020. This action signifies Zoetis's intention to fully retire this debt obligation. Investors holding these specific notes will receive the full principal amount plus any accrued interest up to the redemption date. The redemption will result in these 2020 Notes no longer being outstanding, simplifying the company's debt structure.
Key Highlights
- 1Zoetis is redeeming its $500 million aggregate principal amount of 3.450% Senior Notes due 2020.
- 2The redemption date is set for October 13, 2020.
- 3The redemption price will be 100% of the principal amount plus accrued interest.
- 4Upon redemption, no 2020 Notes will remain outstanding.
- 5This action indicates a full repayment of this specific debt tranche.