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Warner Chilcott
’Warner Chilcott harks back to the good old (leveraged) days
Who said leveraged loans are dead? There were echoes of the good old days of highly leveraged deal-financing with news that specialty drug maker Warner Chilcott is expected to announce as early as Monday the acquisition of Procter & Gamble’s prescription-drug business for more than $3bn.
Warner Chilcott to buy P&G unit for $3bn
Warner Chilcott, a specialty drug maker, is acquiring Procter & Gamble’s prescription drug business for about $3bn, reports Reuters. A transaction could be announced on Monday. Six lenders led by Bank of America and JPMorgan will provide up to $4bn of financing,