In response to strong investor demand, the offering was increased from the $1.25bn announced. The notes are expected to be issued on or around March 29.
Use of proceeds
The company intends to use the proceeds to repay principal payments on debt maturing or required to be paid in 2021 and 2022, with the remaining to be used for general corporate purposes.
The notes are being offered only to qualified institutional buyers outside the US.
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