KENILWORTH, N.J., Sept. 12 /PRNewswire-FirstCall/ -- Schering-Plough Corporation (NYSE: SGP) announced today that it has agreed to sell $1 billion aggregate principal amount of 6.00% Senior Notes due 2017 and $1 billion aggregate principal amount of 6.55% Senior Notes due 2037 through an underwritten registered public offering. The offering is expected to close on Sept. 17, 2007, subject to customary closing conditions.
The global coordinator for the offering is Goldman, Sachs & Co. The joint bookrunners are BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. The co-lead managers are Banc of America Securities LLC, Bear, Stearns & Co. Inc., Citigroup Global Markets Inc., Daiwa Securities America Inc., ING Financial Markets LLC, Morgan Stanley & Co. Incorporated and Santander Investment Securities Inc. The co-managers are ABN AMRO Rothschild LLC, Banca IMI S.p.A., BBVA Securities Inc., BNY Capital Markets, Inc., Mizuho Securities USA Inc., Utendahl Capital Partners, L.P. and The Williams Capital Group, L.P.
The offering is being made under a shelf registration statement filed with the Securities and Exchange Commission on Aug. 2, 2007. This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the Senior Notes will be made exclusively by means of a prospectus and prospectus supplement.
Copies of the prospectus supplement and accompanying prospectus
relating to the offering may be obtained by contacting Goldman, Sachs &
Co., Attn: Prospectus Dept., 85 Broad Street, New Yo
|SOURCE Schering-Plough Corporation|
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