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Pricing Announcement

17th Sep 2013 07:00

RECKITT BENCKISER GROUP PLC - Pricing Announcement

RECKITT BENCKISER GROUP PLC - Pricing Announcement

PR Newswire

London, September 17

17 September 2013 Reckitt Benckiser announces pricing of US$1 billion dual-tranche senior notes offering Reckitt Benckiser Group plc ("RB") (LSE: RBL) today announced that ReckittBenckiser Treasury Services plc, its indirect wholly owned subsidiary ("RBTS"),had priced its offering of US$1 billion aggregate principal amount of seniornotes in two tranches, consisting of US$500 million senior notes due 2018 (the"2018 Notes") and US$500 million senior notes due 2023 (the "2023 Notes" and,together with the 2018 Notes, the "Notes"). The 2018 Notes and the 2023 Noteswere offered at a price to the public of 99.342% and 98.745%, respectively. The 2018 Notes will bear interest at a rate of 2.125% per annum, and the 2023Notes will bear interest at a rate of 3.625% per annum. Interest on the Notesis payable on 21 March and 21 September of each year beginning 21 March 2014.The Notes are expected to be issued on or about 23 September 2013. The Notes, whose net proceeds will be used for general corporate purposes, willbe guaranteed by RB. * * * The offering is being made by means of an offering memorandum. Thisannouncement does not constitute an offer to sell or the solicitation of anoffer to buy the Notes or any other security and shall not constitute an offer,solicitation or sale in the United States or in any jurisdiction in which, orto any persons to whom, such offering, solicitation or sale would be unlawful. The Notes and the related guarantees have not been, and will not be, registeredunder the U.S. Securities Act of 1933, as amended (the "Securities Act"), andmay not be offered or sold within the United States except pursuant to anexemption from, or in a transaction not subject to, the registrationrequirements of the Securities Act. Accordingly, the Notes and the relatedguarantees are being offered and sold in the United States only to qualifiedinstitutional buyers in accordance with Rule 144A under the Securities Act andto certain persons in offshore transactions in reliance on Regulation S underthe Securities Act. This announcement is for distribution only to, and is only directed at (i)persons who have professional experience in matters relating to investmentsfalling within Article 19(5) of the Financial Services and Markets Act 2000(Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"),(ii) ) high net worth entities and other persons to whom it may otherwiselawfully be communicated falling within Article 49(1) of the FinancialPromotion Order or (iii) persons to whom it may otherwise lawfully becommunicated (all such persons together being referred to as "relevantpersons"). This announcement is directed only at relevant persons and must notbe acted on or relied on by anyone who is not a relevant person. Any investmentor investment activity to which this announcement relates is available only torelevant persons and will be engaged in only with relevant persons. This announcement has been prepared on the basis that any offer of Notes in anyMember State of the European Economic Area which has implemented the ProspectusDirective (each, a "Relevant Member State") will be made pursuant to anexemption under the Prospectus Directive from the requirement to publish aprospectus for offers of Notes. Accordingly any person making or intending tomake an offer in that Relevant Member State of Notes which are the subject ofthe offering may only do so in circumstances in which no obligation arises forRBTS to publish a prospectus pursuant to Article 3 of the Prospectus Directivein relation to such offer. RBTS has not authorised, and does not authorise, themaking of any offer of Notes in circumstances in which an obligation arises forit to publish a prospectus for such offer. The expression "ProspectusDirective" means Directive 2003/71/EC (and amendments thereto, including the2010 PD Amending Directive, to the extent implemented in the Relevant MemberState), and includes any relevant implementing measure in the Relevant MemberState and the expression "2010 PD Amending Directive" means Directive 2010/73/EU. Contacts: Investor & Analyst Contacts:Reckitt Benckiser (RB)Richard JoyceDirector, Investor Relations+44 1753 217800 Media Contacts: Reckitt Benckiser (RB)Andraea Dawson-ShepherdSVP, Global Corporate Communication & Affairs+44 1753 446447 Brunswick (Financial PR)David Litterick / Max McGahan+44 (0)20 7404 5959

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