Bulletin: Unilever Group Seeks Noteholders' Consent To Move Notes Issued By The N.V. Under The PLC, The Future Sole Parent Company - S&P Global Ratings’ Credit Research

Bulletin: Unilever Group Seeks Noteholders' Consent To Move Notes Issued By The N.V. Under The PLC, The Future Sole Parent Company

Bulletin: Unilever Group Seeks Noteholders' Consent To Move Notes Issued By The N.V. Under The PLC, The Future Sole Parent Company - S&P Global Ratings’ Credit Research
Bulletin: Unilever Group Seeks Noteholders' Consent To Move Notes Issued By The N.V. Under The PLC, The Future Sole Parent Company
Published Jul 02, 2020
2 pages (1108 words) — Published Jul 02, 2020
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Abstract:

Milan (S&P Global Ratings) July 2, 2020--The Unilever group is seeking consent from noteholders to move the bonds issued by Unilever N.V. under Unilever PLC. Unilever PLC will be the sole holding after the merger of Unilever PLC and Unilever N.V. This is in line with the group's objective to unify its legal structure under a single parent company. The existing bonds issued by Unilever N.V. will be moved under a newly created entity, New Bond Sub, this will be a finance company established solely for the purpose of raising debt for the Unilever group. It will be incorporated in the Netherlands to maintain eligibility for European Central Bank purchase programs and will conduct no business operations. It will assume

  
Report Type:

Bulletin

Ticker
ULVR@LN
Issuer
Unilever PLC
GICS
Personal Products (30302010)
Sector
Global Issuers
Country
United Kingdom
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Unilever Group Seeks Noteholders' Consent To Move Notes Issued By The N.V. Under The PLC, The Future Sole Parent Company" Jul 02, 2020. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Unilever-Group-Seeks-Noteholders-Consent-To-Move-Notes-Issued-By-The-N-V-Under-The-PLC-The-Future-Sole-Parent-Company-2472690>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Unilever Group Seeks Noteholders' Consent To Move Notes Issued By The N.V. Under The PLC, The Future Sole Parent Company Jul 02, 2020. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Unilever-Group-Seeks-Noteholders-Consent-To-Move-Notes-Issued-By-The-N-V-Under-The-PLC-The-Future-Sole-Parent-Company-2472690>
  
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