Slaughter and May advised Reckitt Benckiser Group plc (“Reckitt”) on the update of its £10,000,000,000 Euro Medium Term Note programme (the “Programme”), the establishment of which Slaughter and May advised on in 2023. Under the Programme, Reckitt Benckiser Treasury Services plc has the ability to issue notes guaranteed by Reckitt which are admitted to trading on the Main Market of the London Stock Exchange.
Immediately following the Programme update, Slaughter and May additionally advised Reckitt on the following issuances:
- EUR 700,000,000 2.625% Fixed Rate Senior Notes due 10 September 2028;
- GBP 250,000,000 4.875% Fixed Rate Senior Notes due 10 September 2031; and
- EUR 650,000,000 3.500% Fixed Rate Senior Notes due 10 September 2034.
Reckitt is the company behind some of the world's most recognisable and trusted consumer brands in hygiene, health and nutrition, including Air Wick, Calgon, Cillit Bang, Clearasil, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol, Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, Woolite and more.
Meher Malik / Trainee, Angus White / Trainee