Alcon (NYSE:ALC) announced that it commenced and priced a private offering of senior notes worth a total of $750 million.
The Geneva, Switzerland-based vision care company is offering 2.6% senior notes due in 2030. The notes will be issued by Alcon Finance Corporation, an indirect subsidiary. They will be fully and unconditionally guaranteed on a senior basis by Alcon.
Alcon expects the offering to close on May 27. The company said in a news release that it intends to use the proceeds for general corporate purposes.
The company recently posted Street-beating first-quarter results in spite of the fact that its surgical sales dipped -2% as a result of the COVID-19 pandemic and the deferral of elective procedures.
