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Prestige Plans $400 Million Private Offering of Senior Notes

BY MT Newswires | CORPORATE | 10:15 AM EDT

10:15 AM EDT, 06/30/2026 (MT Newswires) -- Prestige Consumer Healthcare (PBH) said Tuesday its subsidiary, Prestige Brands, intends to offer $400 million of new senior notes due 2034 in a private offering.

The company said it intends to use the net proceeds from the offering, together with cash on hand, to redeem all $400 million of Prestige Brands' outstanding 5.125% senior notes due 2028 and pay related fees and expenses.

Prestige Brands expects to issue a redemption notice for the 2028 notes at 100% of the principal amount, plus accrued and unpaid interest to the redemption date. The redemption is conditioned on the completion of an offering of at least $400 million of new unsecured senior notes, unless Prestige Brands waives that condition.

Price: 47.94, Change: -0.12, Percent Change: -0.24

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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