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Reckitt Benckiser Group Launches Redemption Offer for $500 Million Senior Notes due 2044

MT Newswires·08/05/2026 03:40:11
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03:40 AM EDT, 08/05/2026 (MT Newswires) -- Reckitt Benckiser Group (RKT.L) said Wednesday it launched a cash offer for all $500 million of its outstanding 4.600% senior notes due 2044. The British consumer goods group made the offer through its subsidiary Mead Johnson Nutrition. It will run until Aug. 13, with settlement expected by Aug. 18. Noteholders who accept the offer will receive a yet-to-be-determined final price for the notes, as well as accrued and unpaid interest. In line with the offer, the group also launched a process to seek consent from noteholders for planned amendments to the terms of the notes, including the release of Reckitt's guarantee. The consent solicitation process will also close on Aug. 13.