Covidien plc (COV) Announces Senior Notes Offering and Redemption of 5.450% Senior Notes Due October 2012

5/22/2012 10:27:42 AM

DUBLIN--(BUSINESS WIRE)--Covidien plc (NYSE:COV - News) today announced that its wholly-owned subsidiary, Covidien International Finance S.A. (CIFSA), launched an underwritten offering of senior notes (the “Notes”). These notes will be fully and unconditionally guaranteed on a senior unsecured basis by Covidien plc and its subsidiary, Covidien Ltd. CIFSA intends to use the proceeds from the offering to finance the redemption of all of its outstanding 5.450% senior notes due October 2012 and for general corporate purposes.

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